Let It Roll

You just made it through another mid-east war, so congratulations if your portfolio is intact. The Bull cautioned recently that selling for a mid-east war has never been useful in managing portfolios. In fact, if you were not in the market when the truce was announced, then you lost out. The rally came so fast, it would have been almost impossible to reestablish positions at the prices below what you had just received. Selling low, buying high is not a prescription for making money.

The outlook for stocks is still positive. We are in a new technological revolution driven by artificial intelligence that promises more efficiency, lower costs, and even greater choices for the consumer. In some specific disciplines like medicine, AI may help develop new medicines and therapies. Expect many new products and services to emerge. Think of all the interconnections in our modern world, then multiply those by a large multiple to better understand what is coming.

There is still plenty of money around. The recent volatility has kept much of it on the sidelines. Sooner rather than later, this money will need to seek higher returns. It will be the fuel for higher stock prices. Be there when it comes in and stay steady. Roll on!

-The Lonely Bull