It's always nice to visit with the many friends of Schaeffer's Investment Research at the annual Las Vegas Money Show. The days and nights are filled with great presentations, lots of talk about the market, and plenty of advice about how to position your portfolio.
This year, as in the past, I had the honor and pleasure of delivering one of the keynotes on the show's first night. And this year, as in the past, that address came at an exceptionally intriguing time for the market. In May 2009, we were still referring to the "recent March low." Today, we refer to that period, more confidently, as "the bottom."
This year's address was delivered Monday, May 10, only a few days after the May 6 "flash crash" that so unnerved Wall Street. And perhaps as a hint of the volatility to come, the Dow Jones Industrial Average staged a 400-point relief rally that very day.
Given the turbulent action of the last two weeks, I thought it would be a good idea to share with SchaeffersResearch.com some of what I told the Money Show audience. So I sat down with Senior Equities Analyst Andrea Kramer to make this video. We revisited those May 10 remarks, and I explained why I was closely watching several technical indicators, including the 160-month (that's right, 13 years) moving average on the S&P 500 Index. We also discussed the continued downdraft since the Schaeffer's crew left Las Vegas.
It's always fun talking about the market with Andrea; I think you'll find our talk fascinating. Enjoy.
**Charts in video were created May 20, 2010
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