Thursday, September 03, 2009

10% Market Correction by October - Jim Lacamp, portfolio manager and advisor at Macroportfolio Advisors

Lacamp said he expects a 10 percent correction between now and the middle of October before one more leg upward in the markets.

Lacamp said investors need to be careful about buying stocks and need to be protective of ones that have already been bought.
“I don’t think it would hurt to have a larger percentage of cash and corporate bonds are a good place to be in right now,” he said. “When you have a deflationary environment, corporate bonds can provide very good real returns, so investors don’t have to be overly aggressive in this environment.”

1 comment:

Edward said...

China has been a leading indicator for the global financial markets and we’re seeing real correction in the Chinese markets.

In the U.S. market, we’ve had a 50 percent move without much of a correction. Historically, September’s been a tough month.