From the desk of Vance Howard:
The HCM-BuyLine® is clearly negative, and we are sitting on a lot of cash. As it stands now, we are approximately 50% in cash and being patient is key. The markets will turn, we just do not know when, but we are in a very unique position with all the cash we have on hand. Our buy list a few months back was a page or two, now it’s a scroll. Lots of great companies have really dropped down in price.
We are not calling for a bottom, but there are some very interesting statistics on making a case for a bottom in the near-term.
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