market folly

Market strategist Jeff Saut is out with his weekly investment commentary and this week's missive is entitled "Don't Just Do Something, Sit There."  Saut appropriately titled it as such because he's received lots of advisor commentary where clients want back in the markets and there's really been no pullback to do so.  A few weeks ago, he singled out the best stock ideas for the next 3-5 years.

This highlights the seemingly omnipresent appetite for equities by retail investors... that is once markets have rallied higher and they feel 'safe' looking in the rear-view mirror and seeing gains instead of tumult. 

Saut continues to believe that we could potentially be entering a new secular bull market.  But first, he'd like to see the Dow Jones Industrial breakout to new highs.  In his piece, he draws on similarities between the present and 1982.

That said, he feels that the market will pullback soon to the tune of 5-7%.  Embedded below is Saut's latest commentary:




You can download a .pdf here.

For more from the market strategist, head to Jeff Saut's best stock ideas for the next few years.