With the present extraordinary stock
market weakness, continuing economic investment and political uncertainty,
summer holidays and general complacency, many investors have decided to do
nothing.
The markets, in consequence, have
started to drift downward. Once again, we believe that investors should
not lose their nerve, composure and discipline. The present period offers
an excellent opportunity to modify portfolios, to buy securities at significant
price discounts and to prepare for the next upward leg in stock prices. |
