Sep 13, 2014
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During bull markets we seem to forget the basics of crisis management. Building more conservative allocations as equity prices move higher is a gradual way to “get out of the market.” In fact, selection of non equity assets based upon the cash flow being paid to the investor, provides a criteria that can be much more effective than wizardry that attempts to predict the future. A discussion of September 2001 provides insights for investors. Black Swan Discussion