Still not time for stocks
We pick the mix of investments that maximizes the expected returns while not exceeding a fixed maximum risk. In the past month, we have, once again, made a little money in bonds and the money market.
In the last newsletter, I said that the increase in the price of stocks was not a true rally, at least not yet. Stocks have gone up a lot in the last month. But my conclusion remains the same — it is not yet a true rally. Though stocks have made a lot of money recently, they remain too risky at this point.
Related posts:
- Stocks still in a definite downtrend
- Bonds continuing to earn money
- Both bonds and stocks too risky
- Bonds strengthen, stock “rally” not proven
- Bonds shaky, stocks resume freefall