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Buy Right and Sit Tight

By Gary Antonacci

 

"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do."  Jim Rogers

 

Right now there is nothing to do. Last month I presented a chart of the S&P 500 since the last bear market bottom in 2009. It showed higher highs and higher lows indicating a continuing bull market. Although June was a trading range month and there were volatile days, especially at month end, the primary trend of the market has not changed from being bullish.

 

Much of the market movement last month was in response to changes in the Greek debt situation.  As is often the case with such things, this may be more noise than substance. Greece’s total economic output is about the size of Louisiana’s and represents only about 2% of the Eurozone’s economy. They should be able to handle an even worse case scenario ... Log in or subscribe to continue reading.


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