Despite the debate of whether the economy is in trouble in the long-term, the economy has been showing signs of life once again. Investor’s conﬁ dence is up and the market has been doing well. Although the market may be a bit pricey, and there may be some volatility ahead, there is still some room to grow.
This is particularly true as we are in the favourable period of the year (October 28-May 5). Yes, there are times when the market goes down in this period, but the times are few and far between. Over the last sixty years, the S&P 500 has only lost 10% or more two times. Surprisingly, de- spite the volatility last year, the S&P 500 produced a 6.5% gain in the favourable period in 2008-2009.
…..read the whole Letter HERE.