Nov 8, 2007

Don Hays: Remain "fully invested in equities"

Everybody I talk to asks me about the terrible stock market. I'm amazed, but I understand their "misguided" understanding and beliefs about stock market conditions. This is a deeply segmented stock market. It is volatile and the huge 1-day dips get all the attention. But I believe that if you are a growth stock investor you are experiencing a nerve-wracking but very good year ... Our asset allocation model continues to recommend being fully invested in equities, and we are currently putting that 8% of cash we pruned a few weeks ago back into some new stock positions."

~ Don Hays, Hays Advisory, November 7, 2007

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