Stock Market and Bond Market Comments

Certified Financial Planners | Investment Advisors | Retirement Planning Specialists

Market Comments updated 04/28/2008

This page will be updated on average one, two times per month, or more frequently, depending upon market conditions.

Stock Market

The stock market may be making an important bottom. After peaking in October of last year, then declining 15 - 20%. Stocks appear to be making a bottom in prices. We have slowly added to our stock positions, but are still very cautious and maintaining a high cash position. My best guess is, we are still in a bear market, however, countertrend rallies with in a bear market can last several months and be quite profitable. Please see our current holding by clicking on the link below.
 

Please see Current Holdings for our positions.

Bond Market

High yield bond prices appear to have put in an important bottom. High yield prices have dropped about 15% from their October highs and are staging an impressive rally. Plus, they are yielding around 8%, providing us with a nice total return. We are fully invested in high yields.

Please see Current Holdings for our positions.

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Brian R. Carruthers & Associates

BCA | A Fee-Only Registered Investment Advisory Firm Since 1990

301 Forest Avenue · Laguna Beach, California 92651-2115 USA
Telephone: 1-949-464-1900 · Facsimile: 1-949-464-1400 · Contact

CFP®, Certified Financial Planner™ and CFP Bug are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.

CMTSM and Chartered Market TechnicianSM designations are awarded and permitted to use by full members of the MTA. The CMT Program is administered by the Accreditation Committee of the Market Technicians Association (MTA).

The National Association of Active Investment Managers is a professional organization of registered investment advisors who believe in active management of client assets to reduce the risk of down markets and to structure client portfolios to produce high risk adjusted returns.

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This page last modified: 2008-04-28T13:12:51-0700