clear1

Get Ready for the Last Rally

The next 30 days? Do the math on the earnings yield for high quality equity at these prices...could they go lower? (Yes, but can't they always go lower?) I think if you pick up your head, extend your time horizon, "hold your nose" and buy the obvious, globally dominant franchises...you will do just fine. We have been adding to our core holdings in BAC, WFC and LM...and for non-financials, consider HOG, FAST and GGG.