On Day One of Q4 2012, Consider the 'Disney Theme Park Concept of Investing'
Have fun, manage your expectations, bring a raincoat, and carry a bottle of Pepto -- the rides are often more perilous than you think.
When I was young my dad would always to tell me about the five "Ps" -- Prior Preparation Prevents Poor Performance." With the semiconductors having broken their double-top neckline, the transports showing no immediate sign of strength, economic numbers beginning to wane, and corporate earnings being lowered prior to announcement, the potential for a hot rainy day with long lines is increasing. However, if the market's recent breakout holds (S&P 500 (INDEXSP:.INX) 1,400), it could be a race to the end of the year and it sets the technical sights at 1,550.
Have fun, manage your expectations, bring a raincoat, and carry a bottle of Pepto-Bismol, as the rides are typically more perilous than originally anticipated!
Editor's Note: Read more at Tesseract Asset Management.
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