Remember the See-Saw at the Playground?

The first 5 trading days of September are acting in an up and down way that begs the question, what is going on?

Historically, low rates and strong corporate profits was a recipe for solid equity markets. The difference now is, the rates are artificially low and their affect on profits is seemingly unsustainable. Regardless, with the 10 year US Treasury bond hitting a two generation low of 1.98% yesterday it is clear that cheap money is not a silver bullet for economic recovery.

While we believe there are buying opportunities for some world class dividend paying stocks, we remain very careful. Finding solid and dependable cash flow through dividends and income are our priority. Remember the See-Saw was fun until the other person jumped off quickly while you were at the top.

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