Happy 4th Of July 2012 From Tory Capital!
Looks like this July is shaping up to be better than last year. U.S. equities may continue to show strength although the economy is weakening. Stocks and the economy can move in different directions over the medium run. Bearishness is at significant highs compared to the financial meltdown in 2008 and the dot.com era. This means there will be continued opportunities this summer to buy on weakness and hold into strength. There is a strong possibility the S&P 500 could make it to new multiyear highs this summer or in the early fall……but then….- enough about stocks….