After a lackluster past week, and after a dubious trading day today, an ominous sign is developing in the markets of late. It seems that the S&P 500 may have made a lower high today, after hitting a YTD high early last week. While nothing is written in stone, this tends to signal imminent selling pressure. If [...]

From the preamble of the communique from the G-20 meeting in Pittsburgh:
We meet in the midst of a critical transition from crisis to recovery to turn the page on an era of irresponsibility and to adopt a set of policies, regulations and reforms to meet the needs of the 21st century global economy.
Actually, the transition [...]

The World Allocation model portfolio has recently been updated. Changes to the model include as follows:
Buy Cash
     Raise from 0.0% to 13.0%

Sell FTSE/Xinhua China 25 Index FXI
     Reduce from 10.0% to 5.0%
Sell S&P 500 Index IVV
     Reduce from 15.0% to 10.0%
Sell Dow Jones Copper Sub-Index [[JJC]]
       Reduce from 3.0% to 0.0%

 
The action in the stock market the last two days convinced [...]