Net Market Neutral
We are going to move our both our short and intermediate term indicators down a notch today to NET MARKET NEUTRAL. Recall we upped our short term rating back on April 11, 2012. We moved the intermediate term rating higher on he S&P 500 May 24, 2012. The S&P 500 is up 2.2% and 5.75% respectfully during that period. This change reflects a more neutral stance that we have taken regarding our purchases and sells recently. You can go here for a definition of these terms.
Please remember that our ratings only reflect what we are doing for our clients based on our understanding of their unique risk/reward criteria and are not intended to be any sort of market timing mechanism. Further you should not take this downgrade to mean that we believe that a market sell off is on the horizon. We have no way to predict such an event and thus have no opinion in that regard. Indeed for the most part we are pretty fully invested in our investment strategies at the moment although that could change depending on events.
Please remember that our ratings only reflect what we are doing for our clients based on our understanding of their unique risk/reward criteria and are not intended to be any sort of market timing mechanism. Further you should not take this downgrade to mean that we believe that a market sell off is on the horizon. We have no way to predict such an event and thus have no opinion in that regard. Indeed for the most part we are pretty fully invested in our investment strategies at the moment although that could change depending on events.
*Long ETFs related to the S&P 500 in client and personal accounts.
posted by CR English at 9:01 AM
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