“The Sword Of Damocles Hangs Over All Of Our Heads”
November 10, 2013
On the heels of more wild trading action across the globe, today 40-year veteran Robert Fitzwilson warned King World News that “The Sword of Damocles hangs over all of our heads.” He also discussed what this harsh reality means for investors and what they can do to protect themselves. Fitzwilson, who is founder of The Portola Group, put together the following tremendous piece below for KWN readers around the world.
By Robert Fitzwilson of The Portola Group
November 10 (King World News) – “The Sword Of Damocles Hangs Over All Of Our Heads”
Last week was another stomach churner, but the end result was mostly flat to slightly ahead. The HUI, the Dow and the S&P 500 managed a 1% performance for each index, but oil and fixed income were the standout losers for the week….