market folly

Market strategist Jeff Saut is advocating patience in his latest investment strategy comments. He writes,

"Indeed, many investors suffer from an 'action bias,' aka a desire to do something, when in reality there are times in the markets when there isn't much to do. When that occurs the best plan is to do nothing and wait for a 'fatter pitch.'

Obviously, that is what I have been doing since the buying stampede ended in late January. Well that's not entirely true, because I have actually raised some cash in anticipation of either a pause in the stock market or a correction."

Last week Jeff Saut said the easy money's been made in this market and he's been cautious but not bearish.

It's obvious he's simply looking for an opportunity to buy the dip. But then again, so are many other investors. So what does the market do? Grind slowly higher, of course.

Embedded below is Jeff Saut's full weekly commentary:



You can download a .pdf copy.

To see what Saut is waiting to buy, check out his portfolio positioning here and this list of stocks.