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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
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Longs, Shorts, and Mini-Skirts
  • Investors Are Over-Invested, Signaling Decline To Come 0 comments
    Jul 23, 2013 9:44 PM | about stocks: USL, SPY, QQQ, USO

    Stocks gained another fraction of 1% last week to another 52 week high. Oil & gas stocks led the charge with a 2.1% appreciation due to the rise in Brent prices. Tech shares fell 1.5%.

    The Fed is continuing to inflate the bubble and presently, investors have greater than 130% of a standard deviation more than normal allocation in stocks. This is a level unseen since the crash. In fact, the last time that Americans have had over 28% of their assets in stocks was February 2002. At that time, the S&P 500 was at 3046, where it peaked. Over the next year, the market dropped 30% to 2192. So, I recommend a conservative portfolio.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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