July 29th Portfolio Review

The mid-year mark is now passed and the market is toying with the 17,000 level. It seems that every day a new inter-day high above 17,000 is being announced to be followed by a close that remains stubbornly just above or below 17,000.  This constant flirting with the record level has most investors thinking that the market is at some inevitable correction point. I have heard of “adjustments” as high as 30%, of course this comes from a forecaster that has been wrong on 9 of the past 10 predictions in the last 10 years. I guess he will get it right on of these years. A more reasonable question is, can the market just continue on and seek out 18,000 or is it logical to see a correction? < Read the full article>

< Read the full article>

By | 2014-07-29T15:54:42+00:00 July 29th, 2014|Categories: Portfolio Review|0 Comments

About the Author:

Steven Albrecht was the President and CEO of Charter Trust Company from 2001-2016

Leave A Comment