December 8, 2014
By Peter Bower
It’s the time of year that investors often see seasonal strength. Companies typically make pension contributions, bonuses and other forms of payments, some of which get invested in stocks. This is also usually a time of optimism buoyed by the holidays. December has been an up month every year for the past six.
There is one other factor, in particular, this year; about 80% of the investment managers are behind their benchmarks. Their incentive is to do what they can to close the performance gap. In a rising market, that means they cannot play cautious and stay on the sidelines. Oh what a Merry Christmas for the rest of us.
Stay well and prosper, my friends!
The Lonely Bull
