MarketFolly.com
01-24-2011, 02:00 PM
Market strategist Jeff Saut's weekly commentary reiterates much of his stance that we've detailed over the past few weeks. He is cautious but a buyer of dips (http://www.marketfolly.com/2011/01/strategist-jeff-saut-cautious-on-market.html). And as we saw late last week, hedge fund manager David Tepper is also cautious but optimistic (http://www.marketfolly.com/2011/01/david-tepper-interview-i-am-cautious.html).
Simply put, Saut feels a pullback anywhere in the neighborhood of 3-10% is coming. The problem, of course, is that he's been waiting for a few weeks now. Saut revisits the age-old stock market cycle of fear, hope, and greed to illustrate his stance. He says that,
"I revisit the Fear, Hope and Greed cycle this morning not because I think we are approaching the Euphoric zone, but because I continue to believe we are near the Optimism level and therefore due for anywhere between a 3%-10% correction. Still, any pullback is probably for buying."
However, he is keen to sit patient and wait for his 'fat pitch' just like Warren Buffett would. Buffett's famous quote goes as such:
"In this game the market has to keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder for six months until you get a fat pitch."
Classic words of wisdom from the Oracle of Omaha and we've detailed Warren Buffett's top 25 quotes (http://www.marketfolly.com/2009/09/top-25-warren-buffett-quotes.html) if you're looking for more insight.
Embedded below is Jeff Saut's weekly investment strategy on the cycle of fear, hope, and greed:
You can download a .pdf copy here (http://freepdfhosting.com/d67e54a88a.pdf).https://blogger.googleusercontent.com/tracker/5975869446501122263-4660084229477005275?l=www.marketfolly.com
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Simply put, Saut feels a pullback anywhere in the neighborhood of 3-10% is coming. The problem, of course, is that he's been waiting for a few weeks now. Saut revisits the age-old stock market cycle of fear, hope, and greed to illustrate his stance. He says that,
"I revisit the Fear, Hope and Greed cycle this morning not because I think we are approaching the Euphoric zone, but because I continue to believe we are near the Optimism level and therefore due for anywhere between a 3%-10% correction. Still, any pullback is probably for buying."
However, he is keen to sit patient and wait for his 'fat pitch' just like Warren Buffett would. Buffett's famous quote goes as such:
"In this game the market has to keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder for six months until you get a fat pitch."
Classic words of wisdom from the Oracle of Omaha and we've detailed Warren Buffett's top 25 quotes (http://www.marketfolly.com/2009/09/top-25-warren-buffett-quotes.html) if you're looking for more insight.
Embedded below is Jeff Saut's weekly investment strategy on the cycle of fear, hope, and greed:
You can download a .pdf copy here (http://freepdfhosting.com/d67e54a88a.pdf).https://blogger.googleusercontent.com/tracker/5975869446501122263-4660084229477005275?l=www.marketfolly.com
http://feeds.feedburner.com/~ff/MarketFolly?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/MarketFolly?a=zBrwihaPlsI:V0t5vTfqXDQ:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/MarketFolly?d=7Q72WNTAKBA (http://feeds.feedburner.com/~ff/MarketFolly?a=zBrwihaPlsI:V0t5vTfqXDQ:7Q72WNTAKBA) http://feeds.feedburner.com/~ff/MarketFolly?i=zBrwihaPlsI:V0t5vTfqXDQ:gIN9vFwOqvQ (http://feeds.feedburner.com/~ff/MarketFolly?a=zBrwihaPlsI:V0t5vTfqXDQ:gIN9vFwOqvQ) http://feeds.feedburner.com/~ff/MarketFolly?i=zBrwihaPlsI:V0t5vTfqXDQ:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/MarketFolly?a=zBrwihaPlsI:V0t5vTfqXDQ:V_sGLiPBpWU)
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