Sentiment and profits are both eroding. I have a fair bit of cash raised but I have still been participating in the down draft. My generic equity portfolio that I maintain on Yahoo Finance is up 2.6% for the year not including any dividends paid in June (dividends have to be entered manually). Any given client might be doing better or worse.
The biggest drag has been the foreign exposure. Those markets have been hit harder than the US market. Given my long-term expectations for foreign markets I find some solace in my conviction that there is likely to be some snap back in both developed and developing markets. Also there are a couple of large dividends from some of the foreign names that will hit accounts in the next couple of weeks that will help.
I have a couple of other sell candidates in mind but I am hoping to not have to pull that trigger. A lot of people assign technical significance to 1245 on the S&P 500 so hopefully that holds. We are at 1248 as I write this.
Wikinvest Wire
2 comments:
Is that a burrito you are eating?
Is it some type of comment on immigration?
Dave Z
shouldn't you be out of most foreign markets due to your own indicators for assessing the trend?
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