That’s the motto of 2013’s bull market so far. Traders who were bearish and heavily in cash last December ahead of the Fiscal Cliff deadline have had almost no chances to get into stocks on pullbacks.
The week ended July 12 was no exception. Decent gains on Monday and Tuesday were followed by a flattish Wednesday. Anyone praying for a true sell-off had their hopes dashed when the DJIA and Nasdaq surged on Thursday to new all-time records.
The full year looks pretty similar. Gains have been almost non-stop. The late-April pullback was shallow. The May through June sell-off was significant but anguished bears were too busy hoping for "the big one"to buy into a mere 6% decline.
When market timers had their best buying opportunity of the year they almost universally passed on taking action. Yogi and BooBoo must be getting very hungry and frustrated.
Market Shadows was not fooled by our politicians last fall. We refused to be hoodwinked by Chairman Bernanke’s taper talk, Don't Fear the Taper, in June.
By remaining pretty fully invested we’ve managed to compile an envious track record. We’ve accomplished it without employing any leverage or options.
As of July 13, 2013, our Virtual Value Portfolio is ahead by 25.3% since its October 26, 2012 inception date. The $100,000 initial stake has grown to $125,319.
See full details about all open and closed-out positions here: http://marketshadows.com/virtual-portfolios/virtual-portfolio/
We do believe in collection of premiums through selective option writing. You can see how we deal with put writing here Virtual Put Selling Portfolio . Results there have been equally impressive since we got it going in January of this year.
Give us your contact information and we will put you on the list for instant e-mail alerts whenever we post new articles or make trading decisions.
The week ended July 12 was no exception. Decent gains on Monday and Tuesday were followed by a flattish Wednesday. Anyone praying for a true sell-off had their hopes dashed when the DJIA and Nasdaq surged on Thursday to new all-time records.
The full year looks pretty similar. Gains have been almost non-stop. The late-April pullback was shallow. The May through June sell-off was significant but anguished bears were too busy hoping for "the big one"to buy into a mere 6% decline.
When market timers had their best buying opportunity of the year they almost universally passed on taking action. Yogi and BooBoo must be getting very hungry and frustrated.
Market Shadows was not fooled by our politicians last fall. We refused to be hoodwinked by Chairman Bernanke’s taper talk, Don't Fear the Taper, in June.
By remaining pretty fully invested we’ve managed to compile an envious track record. We’ve accomplished it without employing any leverage or options.
As of July 13, 2013, our Virtual Value Portfolio is ahead by 25.3% since its October 26, 2012 inception date. The $100,000 initial stake has grown to $125,319.
See full details about all open and closed-out positions here: http://marketshadows.com/virtual-portfolios/virtual-portfolio/
We do believe in collection of premiums through selective option writing. You can see how we deal with put writing here Virtual Put Selling Portfolio . Results there have been equally impressive since we got it going in January of this year.
Give us your contact information and we will put you on the list for instant e-mail alerts whenever we post new articles or make trading decisions.
