The Investment Scientist

Why I Am Bullish About The Market?

Posted on: June 9, 2013

I wrote this article in October of 2011 after the market had a brutal summer. I made a bullish call. Since then, the S&P 500 is up 44%. I must say I am less bullish now than I was then.

The Investment Scientist

What happened to the market in August and September?

Between July and the end of September, markets lost between 13.5% (Dow) and 27% (Emerging markets) depending on which market you are looking at.

I pored through economic data and could not see any marked deterioration in the economy. In fact, on balance, I see continued slow improvements.

Pundits attribute the market tumble to 1) political gridlock in Washington and 2) the European debt crisis. I don’t buy either of these explanations.

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Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.


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