Brace Yourself!
By: Puru Saxena
GoldSeek.com
Friday, 11 September 2015
In summary, we are of the opinion that the bull market on Wall Street is now in the rear view mirror and we are in the early stages of a primary downtrend (bear market). Currently, the stock market is enjoying a relief rally from an oversold position but the advance is not likely to be durable. Consequently, we no longer have any ‘long’ positions in stocks and approximately 40% of our managed capital is now invested in long-term US government bonds (which should appreciate during a deflationary contraction). Last but not least, in order to benefit from the nascent downtrend in stocks, we have established modest ‘short’ positions in the most vulnerable sectors. So, if the stock market sells off in earnest, our managed portfolios should do quite well.
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