Where to invest? The answer lies in the process behind the production of an oil well.
Dollar General was purchased by a private equity group whose management input has helped produce excellent earnings.
The thesis of the portfolio: achieve average historical equity returns during a period of stock market lethargy.
The fact that market earnings are over four times higher than 10-year Treasuries implies the stock market is relatively cheap.
When markets gyrate, less volatile securities, like short-term corporate bonds, protect you from stock market losses.
I have adjusted my VIX hedging strategy to ride out the greater market volatility.
I'm sticking with my gold and bond holdings and waiting for new buying opportunities to emerge.
Historically, it has been during volatile periods that the greatest opportunities have presented themselves.
There have been some big changes in our portfolio this last month.
With this downtrend we hope to ferret out some new great leadership stocks in the next few months.