Getting Messy

Friday I was out of the office all day and only looked at the indices. Didn’t appear to me that much of anything happened. then I looked this morning at my account – saw a couple of companies, who reported nice quarters, whose stock prices had jumped 15-20% had reversed hard Friday.

Looking across the markets this morning, it seems like speculative stuff is a bit shaky (small cap, emerging markets, etc) while the large caps that have been working are holding up well today. In a few other corrections, I have noticed that the last stocks to get notified that there is a correction going on are the favorites with the high RS (obviously). Nonetheless, 2 days of data doesn’t tell us everything though clues are popping up.

I dumped TIP this AM for everyone, which means it will reverse back up and move higher. But it just wasn’t diversifying the way that I wanted and I am now on the prowl for a better diversifier for our portfolios.

let’s see what happens at the end of the day today…

At the time of this writing, I or my clients own the following investments mentioned in this column: None (just sold TIP)

Note: this article is meant to be some helpful thoughts to share and not investment advice specific to you. Please consult your own advisor regarding investment and financial decisions. See our disclosures page