Every wondered what the 2008 Financial Crisis was all about? The Big Short by Michael Lewis is a good, gripping book that explains much of it. I highly recommend it.
But what are some of the lessons we can take from this crisis as outlined in the book?
That’s what this week’s video is about.
Take 4 minutes to watch/listen to it.
This week is my annual 2010 review and 2011 preview.
I start out by talking about what I got right and wrong from my 2010 preview 12 months ago (you mean I’m accountable?)
I then talk about reasons to be bullish countered by reasons to be bearish on 2011.
I conclude my video with specific actions I’m taking with my clients. This includes
* What I’m doing with my bond exposure
* How I’m allocating amongst large cap, mid cap, and small cap
* What I’m watching as an indicator of market health
* What sector I like for a long term buy over the next decade
This is my 2011 action item video. While I want you to watch all of my videos that come out each week, if you can only watch one then this is the one.
This article states what I feel, which is that we’re in a long term bear market, but we’ll have years that are good (like 2009 and 2010).
Secular bears end when the excesses that caused the prior bull are extinguished.
I’m not convinced we’ve addressed the excesses yet.
But what makes me nervous?
This article sums up a lot of my feelings.
Does that mean I’m bearish for the 4th Quarter?
I guess you’ll have to wait until my 4th Quarter preview in a couple of weeks to find out.
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