I have harped for the past several months that we NEEDED a correction in order for the market to continue its bullish upward move.  Even the world’s greatest runners, climbers, hikers, etc NEED TO STOP AND REST before being able to continue. Things are no different in ALL markets.

To back that constant opinion of mine I have hedged large numbers of our positions. This enables us to make money for you when the market goes down—just check your realized profits occasionally.

Ok, where do we go from here?   I have worked very hard to position us in the particular sectors that have the clearest opportunity to grow and produce higher profits and p/e expansion.

However, we will most likely be committing more funds away from cash to securities as the market completes its correction and  begins to make its way to 13,500 on the Dow Industrials.

To summarize, THIS CORRECTION IS A GOOD THING.

I am quite excited by the opportunity to buy at much lower prices.

Have a wonderful day,

Jack