Sitting, Waiting

by: M F

I don’t watch CNBC much, but was watching this AM over coffee at the house. I keep hearing people state, “I’m waiting for a pullback”, “This market is overbought”…reminds me of a little Jack Johnson for the wknd (below). It seems when everyone is talking about a pullback there is more room to the upside, and only when everyone is talking about buying is it time for a correction. Just a Friday missive.

PS Everything I do is quant (or quant with control over the dials), but for some reason nearly investor I meet with ends our conversation with:

Investor: “So, what do you think of the market here?”

Meb: “Which market?”

Investor: “Well, stocks.”

Meb: “US or foreign?”

Investor: “US”

Meb: “Ok, well realize first of all stocks are only a small part of our portfolio. Two, I am happy to give you my opinion, but realize I have no ability to subjectively forecast, so it really doesn’t influence our approach.”

Investor: “Ok, so what do you think?”

Meb: “Sigh”. Insert JP Morgan quote.

About this article:

Problem with this article? Please tell us. Disagree with this article? .