OTM Market Update — Watching things carefully

Yes the market dropped today but you have to look at it in the grand scheme.  Below are graphs going back to 2005.  Technically the S&P will need some more confirming sideways or downward action to be material to an intermediate or long term investor.  Additionally the asset allocation has shifted slightly (200 basis points) away from equities but not decidedly. read more

OTM Market Update – Consolidation

The asset/bond ratios of 52%/27% has not changed, but the market is in a consolidation, sideways phase.  Now would not be the time to put a lot of new money in this market.  Small caps continue bruised, midcaps a bit less so, and large caps largely sideways.  This is the beginning of a classic breakdown but it has not proceeded much further in the past few weeks. read more