Weekly Risk Report 09/01/2008
An interesting week for the markets gets us started with September. Last week's risk levels were basically unchanged from the previous week, so we continue to be in a period where the markets look quite oversold.
The latest convention and the surprise VP candidate announced by the Republicans has really added a new level of confusion to the market place. So, the short term betting seems to have moved away from the table at this point. Those of us involved with longer term strategies see it as an opportunity to accumulate inventory at far better P/E ratios than we've seen in several years. With interest rates relatively low, our Relative Valuation component continues to be very attractive.
