Greetings Clients & Friends, I wanted to provide a quick update on the recent action in global markets, current events, and the associated effects on Smith Capital client portfolios. Yesterday, on the heels of intensifying unrest across the middle east over the weekend, and with Monday being a market holiday, Tuesday arrived with a bang. [...] Read more…
Greetings Clients & Friends, As a follow up to my last published commentary from a couple weeks ago I am excited to announce that our son Samuel Zachary Smith was born on 2/2/11, last Wednesday!! We are calling him Zachary, and he weighed into the ring at 10 lbs and 22 inches long!!! My wife[...] Read more…
Greetings Clients & Friends, Being a true contrarian investor can be a difficult thing. First, it typically puts you in an isolated place, with not much like-minded company. Second, one of the risks is being early in positioning for market turning points ahead of the herd. As most of our clients and readers are aware,[...] Read more…
Greetings Clients & Friends, May the joy of the Lord fill your hearts and minds, and may you experience peace this Christmas and holiday season. Just a quick note about the markets and how I have been positioning our clients’ portfolios. As you may recall from recent commentaries I have been growing more cautious in[...] Read more…
Greetings Clients & Friends, As a review of our recent market forecasts, at the beginning of September (when the stock market was struggling and investor sentiment was growing more negative), I stated that the markets were setting up for a strong rally over the next six months. Then, in my last commentary posted on October[...] Read more…
Greetings Clients & Friends, In my commentary from the beginning of September I suggested that the stage was being set for a significant move higher in global stocks over the next six months. This prediction ended up being quite timely and fortuitous, as global stocks have rallied strongly over the last month, which resulted in[...] Read more…