The most frequent question I get is “So what? Jim, your analysis is interesting, but you don’t say what we should do now.”

The reason is that I am not permitted to give investment advice to anybody who is not a client, as well any anybody whose investment needs are not clearly understood. That is the law!

In most cases, it’s probably better that I don’t anyway, because a reader might slip into trying to out-smart the market with market timing. That is a fool’s mission.