Nov 20
Capitulation?
When the market opened this morning, two ETFs in the AA-Mosaic Portfolio hit the limit order I set weeks ago thinking the price was so low they would never be struck. This morning they were hit and I picked up blocks in emerging markets and large-cap growth. The details will be available on Premium Content along with the spreadsheet later today.
We must be getting close to a market bottom as there will be lots of tax selling over the next few weeks. Once this selling wanes, it is my hope the market will stabilize and begin an upward climb. We will need to see some positive earnings reports and that many be several months away.
Lowell Herr
Photograph: Clock on Central Station - Amsterdam, Holland
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