If You Need Wealth

"If you need wealth, than wealth is where you go."

"Trade what you see, not what you think."

The market rarely does what everyone wants it to do or what they think it should do...thus the current rally. Everyone we speak to has issues, concerns and reasons why this should not be happening.

To read the tape (the stock market ticker)....takes patience, removal of emotion, a lot of diverse information sources to confirm or deny hunches and decisive action when warranted. Big moves like this only happen a couple of times a year and it is very easy to miss them if you get caught up in the crowded trade.

Gold higher, oil higher, global growth firm, emerging middle class growing....billions of new consumers. Interest rates peaking and maybe trending lower? Reflation i.e. the holding of tangibles that free cash flow are being reevaluated higher....The bashing of the US Dollar will slow as it is too much in the news and over sold.....

Month end, quarter end, fiscal year end next week is exaggerating these moves as people chase time to re balance portfolios so they look right to their owners and try to keep up with indexes. When they move like this that is very hard to do....China still looks expensive relative to India, Brazil and the USA.

Stocks in general are not expensive, bonds are and cash is hard to define these days so it has to be put to work. The purchasing power of global currencies is very high right now. The USA products and services are so attractive at these exchange rates...earnings are there for understated relative to fairly low expectations.

Barkly seen here, the consummate alpha male really loved all these challenges....hard to believe we are coming up on the one year anniversary of his passing.