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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
  • Optimism Presents Resistance To Stocks 0 comments
    Nov 12, 2013 9:44 PM | about stocks: SPY, QQQ

    The AAII member survey shows that asset allocation is nearing alarming levels. Sixty-six percent of members' liquid assets are in stocks. This is the highest it has been since the 67% experienced in October 2007, which was when the markets last peaked. The all time record was 77% at the market peak in 2000, so we have a bit to go before then. But, the demographics are different and Baby Boomers are retiring and picking more conservative investments. So, I doubt it will go that high again. The 26-year average is 60% with a standard deviation of 8%. Thus, this is the time to be selectively selling your stocks as the market transits through its normal Santa Claus rally phase.

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

    Stocks: SPY, QQQ
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