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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (3771)	2/19/2016 9:57:30 AM
From: Chip McVickar	1 Recommendation Recommended By Kirk © Respond to of 26782

On the low of Feb 11 -- dow close of 15660.18 -- every single one of my spreed sheets recording the weakness and strength of the dow jones -- clearly showed the market was over sold -- this didn't happen on 20th of Jan low Also if one looks carefully... the close of Feb 11 was a lower close then all the lows going back to early 2014 So I bought with a long-term position trade type mentality... My mental stop is in place below the 15450 --- and I remain hopeful a sustained move higher is possible either next week or in the first part of March. I hope you've been reading Martin Armstrong's blog Thank you very much for the complement My Best, Chip

To: Kirk © who wrote (3771)	2/19/2016 10:18:12 AM
From: Chip McVickar	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26782

Kirk - We chatted briefly some months ago about owning utilities... I noted my thoughts that the utility index would be a good purchase going into the future... that they would out perform --- turns out I was right... that sector has done well We also chatted about Bill Gross and his move to a new fund -- JUCTX Well... that whole sector of unconstrained bonds has been dismal From where he took over Janus's JUCTX... today he is negative about 2.6% From where he left Pimco's PUBAX in Sept 2015... that fund did better then him for about 8-9 months However--- today it sits well below his negative return with a 6% loss since Bill's exit So... he has at least been out performing his old fund under new management in these quick sand waters for bonds Chip