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"What the wise do in the beginning, fools do in the end."
-- Warren Buffett
With the last trading day of March upon us and given the absence of 3% drop accident today, the S&P 500, and most other important global benchmark indices, will close up for its fifth consecutive month. Hence, this hated rally will become even more hated. And as the excellent table from Ryan Detrick at Carson shows, waiting for a big correction to finally increase exposure may be a non-starter and a loser’s game. On a one- and three-months basis you may get lucky, but you will also need pretty good timing to catch that dip. On a six to twelve months basis … well, check for yourself and then pick your strategy.