Hello, my name is Kirk Spano. I am widely followed on MarketWatch.com of the Wall Street Journal network and around the media. I founded Bluemound Asset Management as a fee-only Registered Investment Adviser to help people build and secure their retirements in an age of unprecedented changes to the global economy.
While most financial advisors focus on outdated theories of investing, I am focused on what is coming. In a world of slower growth, higher debt, increasing taxes, aging demographics and central bank interventions, I am looking first to protect people’s nest-egg and grow it when markets offer us opportunities. As an American and a financial advisor, I care about your happiness and helping you maintain your financial freedom.
Contact me before the next market moving events.
Happy New Year! For me I am glad to see 2015 go. I had a heart injury, a house fire and have been early on several stock picks. Such is life. I survived, nobody got hurt in the fire, I’m back in my house and early doesn’t usually mean wrong if you are patient.
This is very important reading in my opinion, so please get a beverage and hunker down for a half hour. At least one topic I’m going to cover could spawn a book, but I will keep it as short as possible.
A Stealth Bear Market
In an article I published on MarketWatch on September 23rd, I declared that “The Bear Market Has Begun.”
That article garnered a six figure readership (10-20k is normal) and hundreds of comments. I got the typical responses from indexers who never sell (which is a fine concept if your time frame really is 20 years) to traders who wanted to goose the market higher (it did rally in October) to emotional investors looking for answers they won’t accept (a rational answer doesn’t satisfy an irrational emotion) to conspiracy theories about the financial system, government, industry, aliens, whatever (I’m sure there are some, but not what you think, otherwise it wouldn’t be a conspiracy).
The point of the article was that we were unlikely to have a financial crash or an economic collapse, but that we would get a “normal bear market” with the S&P 500 falling around 30% from its high. I suggested that index could fall to as low as 1200, although I think 1600ish is much more likely.
People have a hard time differentiating between the occurrences I mention above. Many folks think a financial crash, an economic collapse and a bear market are all interchangeable terms relating to the same thing. They are not. Here are my short hand definitions:
In September of 2015 I told the world on MarketWatch.com that “The Bear Market Had Begun.” The markets have been range bound since.
In October, I sent a report to clients describing what was going on with the global economy and markets. Thousands of people signed up for my Monthly eLetter to see the report. People who read it learned why I have been holding extra cash since last spring and what I am preparing for going forward.
Have no doubt about it, we are closing in on a significant market correction. A little defense now and a plan on how to invest for the segmented upside that is coming after the pullback could determine how your portfolio does for years.
To talk about protecting your portfolio over the next year or so, and how to profit afterwards, contact me right away. - Kirk Spano
Bluemound Asset Management, LLC is a fee-only Wisconsin Registered Investment Advisor • 855–445-4321
Kirk Spano works with clients throughout Wisconsin, as well as, accepts clients nationally.
All information herein has been prepared solely for informational purposes, contains no guarantees of any kind and is not an offer of case specific advice. Opinions subject to change.