It's quiet...too quiet

Posted: Aug 26, 2014 10:00:20 AM

With the recent rebound to new highs, we find ourselves near the top end of the range.  As we have previously stated in our blogs, geopolitical events come and go.  The recent lull has allowed the equity markets to reach new highs.  Since we are at the top end of the valuation range, and if geopolitical risk serves as a catalyst to the downside, it could provide another buying opportunity.  We do not see this as unhealthy, as markets do not go straight up, but as a temporary market dislocation.

The old adage: ”it is quiet but too quiet” strikes us as a small warning that we are just about ready to return to reasonable valuations.

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