SMA Comment | Stock Market Advantage

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Smart Use of Margin Enhances Returns
Originally published on: September 6, 1996 A week ago the market had some unsettling...
- Posted May 9, 2006
- 0
What to Buy?
Originally published on: August 23, 1996 The market is showing signs of tiring, especially...
- Posted May 5, 2006
- 0
Market Interest Rates are Self-regulating
There are approximately 50 archived newsletters that will be attached to this blog daily....
- Posted May 3, 2006
- 0
The Very First Issue
One past issue will be posted each day starting from the very first issue:...
- Posted May 2, 2006
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The Stock Market Advantage
This is the first post in the blog format for The Stock Market Advantage,...
- Posted April 30, 2006
- 0

Imperial Brands Added to the SMA Portfolio
Imperial Brands PLC (IMBBY) was added to the SMA Portfolio...
- October 13, 2017
- 0
TEVA Pharmaceutical Added to the SMA Portfolio
The recent collapse in TEVA Pharmaceutical Industries Limited (TEVA) appears...
- August 5, 2017
- 0
SPDR S&P Oil & Gas Equipment & Services ETF (XES) Added
The energy sector has suffered a melt-down over the past...
- June 21, 2017
- 0
Royce Value Trust to be Added
Concerns following Great Britain's decision to exit the EU have...
- June 27, 2016
- 0
BlackRock Resources & Commodities Strategy Trust to be Added
The recent buyout of Checkpoint Systems (CKP) and liquidation of...
- June 9, 2016
- 0

Imperial Brands Added to the SMA Portfolio
Imperial Brands PLC (IMBBY) was added to the SMA...
- October 13, 2017
- 0
TEVA Pharmaceutical Added to the SMA Portfolio
The recent collapse in TEVA Pharmaceutical Industries Limited (TEVA)...
- August 5, 2017
- 0
SPDR S&P Oil & Gas Equipment & Services ETF (XES) Added
The energy sector has suffered a melt-down over the...
- June 21, 2017
- 0

Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
- 12
Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
- 8
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
- 7

Based on a scale of 1 (major complacency) to 10 (extreme fear): Current and Selected Past Readings:

Date	Index	SMA Comment
2/14/2017	2.2	Breakout to new highs has bears in retreat
1/13/16	6.3	Terrible start to 2016 raised fears
10/3/11	8.5	A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense
3/9/09	7.0	Market bottom (S&P 500 @ 666); end of the world was nigh
10/27/08	8.8	Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers
10/12/07	3.2	Market top (S&P 500 @ 1,562); worldwide housing bubble starting to be pricked