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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+00:00July 29th, 2014|Categories: Portfolio Review|0 Comments

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Articles attributed to "Guest Contributor" are written by former employees or invited guests. Contents are for your consideration only The opinions expressed herein are those of the authors and do not necessarily represent the views of Charter Trust Company. Nothing contained in this communication should be construed as investment advice.

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