Saturday, May 16, 2015
Are We Ready For A Reversal!
CERRInvestments: Stocks look like they have reached new highs last week mostly due to the Feds influence with interest rates. Could this rally continue a little longer? Pundits are trying to scare the market by coming out early saying there will be a reversal. I am sure they lost money the last couple of days by sitting on the sidelines. For sure a reversal will come but it will take another type of catalyst to make that happen - overseas turmoil, negative consumer sentiment, bad news for companies, etc. So far the news looks good until September but keep a good eye out for changes. For now small caps, oil, REIT, and Gold have moved to the positive last week. I hope the change continues.