Only a Few Years Left in Secular Bear
Wow, hard to believe we've been in a secular bear market for a decade now. What's even harder to believe is that most people still haven't figured it out.
What I've told clients, and what I'll tell the world is that the next several years will be a great time to buy investments with the likelihood of owning large hunks (sure, we'll take a partial profit here and there) of those investments for a couple decades. What we likely are about to experience is very similar to the second half of the 1930s and second half of the 1970s as far as buying opportunities. If you visit Cresmont Research you will appreciate the importance of those two time periods.
Warren Buffet has been cherry picking, and though we can't exactly du what he does because of slight cash balance issues, i.e. I don't have $22 billion laying around (du you?), we can come close. Remember, cherry picking over during a bad markets decade is exactly how he did things in the 1970s. (When he started in the 1950s had a lot to do with the law of small numbers and getting in right at the beginning of a massive bull market.)
While I am back to 70% OUT of the stock market, and what I du have is mostly international after trading the U.S. from March to July (if you care, I have a lot in currencies right now, dollar and Yuan at the moment, Yuan I'll have for awhile, had been in Loonies and Aussies earlier this year as foolish record shows), I am licking my chops at what I'm going to be able to buy on the double, probably triple and maybe quadruple dips.
So, I've basically showed my hand, I'm making a few bucks here and there and waiting for cherries, (for me the smaller (cap) kind). Maybe that's not the right approach for you but Buffet seems to dig it and so du I.