Same Market, Different Trade

Author: , Post Date: February 7, 2018
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Excerpt below:

The economy didn’t change over the last 24 hours, and corporate profits stayed strong. And yet investor sentiment couldn’t be more different. A day after closing down 1175 points, the Dow Jones Industrial Average clawed back, ending up 567 points on the day. From a record point loss to the best point gain in nearly three years. Barron’s spent the day surveying strategists and investors. The quote that best sums up today’s trading comes from David Kotok of Cumberland Advisors. “The time to be a buyer is when it’s really ugly.”

 

Read the full article at Barron’s.

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Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
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