Volatile Markets

By August 26, 2015Uncategorized

The volatility continued in the stock market today.  Stocks rallied sharply, as the S&P 500 advanced 3.90%.  Technology and health care stocks led the charge.  We believe the stock market will remain very volatile for the next few weeks.  Valuations for stocks are close to our estimate of “fair value”; we would view further significant downside price movement as creating opportunities to add to great companies at attractive prices.

 

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