Before I expound on the market I want to give you and update on “40 Years of Investor Mistakes” my new book. We are planning for a late April release date. This has been a labor of love; emphasis on labor. I will provide updates and excerpts as we get closer. We will also have some book signings and lectures.
New satellite office is now open in Colleyville TX at:
Tivoli Court Law Office
1205 Hall Johnson Rd
Colleyville, TX 76034
I have wanted a more convenient meeting place for clients in the north east Tarrant county area and also provide me a quiet place to work after hours and weekends.
We are also revamping the website and client relationship system to provide a more streamlined client contact experience. I will announce the rollout when they are up and running.
Now let’s discuss the markets. This was an interesting weekend for the financial journalist. The consensus was that Monday was going to be a rough day for the averages and I will have to admit even I was expecting a pull back and looking for some buying opportunities. Well the market really faked us out since we are now up almost 200 points on the Dow and 20 points on the S&P.
What does that tell us? Well the first rule is market predictions are dangerous to your portfolio and your reputation. That is why you didn’t hear me expounding the fear that a majority of the prominent prognosticators were giving us this weekend. I still maintain a cautiously bullish approach and since this is the first triple witching of the year this Friday expect volatility to rule.
Now you know I don’t give much credence to the Dow, however it is lagging the other averages for the year with a 2% loss. From a physiological standpoint and since most of the retail investors make their investment decisions based on this index we need to go positive to bring animal sprites back to the market.