In Wake of the Drawdown

Ok so here we are with a pretty sizable retracement.  We went from a high in the Dow of 18,351 down to a low of 15,377 before this thing stopped and turned.  We came within 623 points of our projected high, a high that we called for back in 2013.  There is no reason to change that projection.  This economy has been doing an excellent job and folk that have not been invested in the stock market have totally missed out on an excellent return.  Remember, we've been long since March of 2009 and if you look at a long term chart you will see that we've been nothing but up with the occasional pull back.

What I'm seeing right now is this market needed to rest and get some strength together before going higher.  But hold your horses, we still may have some drama in front of us.

We need to close above 18,400 in the Dow before we can say we are out of the woods and we may or may not get there in 2015.  But, if we get that close, we may just be on our way to blow past my 2013 prediction.  Again, don't count you chickens before they hatch.

I'll keep you posted on what I'm doing.  Right now, I am still long the American stock market with 100% of my assets invested in a no-load, total stock market index mutual fund, like the Wilshire 5000.  I am also dollar cost averaging any new money into the Wilshire 5000.

Shoot me an email or post your thoughts if you are so inclined.

2014 Recap and 2015 Outlook

So another year has come and gone.  I hope 2014 was a profitable year for you and if you follow this blog, it was a profitable year for you.
By being all in the total stock market your 2014 return was 11.48%.
That's good money.  We have not yet reached our target of 18,974 in the Dow Jones Industrial Average but nothing in the charts at this time would suggest that we are done with the up move.
So guess what?  Yep, I will continue to dollar cost average any investment money that I have into any no load mutual fund that mirrors a United States of America total stock market index, like the Wilshire 5000.  That's all I have for you right now.  Let me know if you have questions.  I will post again when there is a need to.  Have a happy, healthy and prosperous 2015.