This is not the picture of a bull market (click on graph to enlarge). Stocks (and the economy) are doomed as long as financial stocks are heading down.
PS. The bank index peaked in January 2007, 7 months ahead of the market. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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