Date: June 7, 2013

Bears in Full Attack Mode

Just one week ago, all the talk was about Dow 16,000 and even higher. They said the year was just like 1995. HA! Years like 1995 come along once every investment cycle, almost like we saw in 2003. The major indices were solidly red today for the second time in four sessions. Contrary to popular belief, trees don’t grow to the sky and neither do stocks! So far, this is an orderly and healthy pullback that should max out at the 10% level. Buying the dips remains the strategy to use until proven otherwise. I do NOT believe the bull market is  over yet!


Paul Schatz, President, Heritage Capital