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Opening Market Comments
Posted on 03/05/2007 08:44 AM | Link | Post Comment
March will be a volitle month. As it stands, I am looking for the following numbers to be reached on the major market indexes;
DJIA: 11,750-11,650
SPX: 1375-1325
NASDAQ: 2375-2350
I certainly hope the market hype didn't get you over extended in your portfolio asset allocations.
At 11,700 (8% correction) on the Dow, we will be raising our allocations as follows;
70% Equities: (Normally 95%) Aggressive
60% Equities: (Normally 80%) Moderately Aggressive
50% Equities: (Normally 60%) Moderate
25% Equities: (Normally 40%) Moderately Conservative
10% Equities: (Normally 20%) Conservative
I like to increase my exposure to the markets gradually. The reason is because no one really knows where the bottom or top of the market really is. At the beginning of every correction, you will see many experts begin to call the bottom at 10%. This is nothing more than a textbook analysis of what would be “normal”.
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