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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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  • Another Sign Of A Bubble Forming 0 comments
    Oct 16, 2013 10:31 PM | about stocks: SPY, QQQ, SPXL, SPXS

    The government released the Flow of Funds report for the 2nd Quarter, which showed that people have 26.9% of their wealth in stocks. This is just short of the 5 year high reached in 2008 which was the highest seen since 2001's 28%. (At the market peak in 1999, Americans had 36% in stocks.) The AAII Asset Allocation Survey of AAII members parallels and confirms these numbers. Thus, we are at an alarming but not dangerous level. We might see the danger level of 29%. I would place the danger alarm 2% up from here at 1730 for the S&P 500 and 3850 on the NASDAQ. Meanwhile, houses were 21% of individual wealth on June 30, which is low. Houses are a better investment than stocks at this point.

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

    Additional disclosure: I own my house.

    Themes: Stocks, Housing, Real Estate Stocks: SPY, QQQ, SPXL, SPXS
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