On Thursday, I was invited by my financial advisor, Mike Dukes (with BECU), to go on a Royal Argosy Cruise (leaving Pier 56) to listen to Jeffrey Kleintop, CFA, Chief Market Strategist at LPL Financial. If you "google" his name you can see different interviews he has had.
First of all, it was a beautiful day and Mt. Rainier and the Olympic Mountians were glorious.
Mr. Kleintop spoke about:
- How we Got Here
- Bubble Trouble
- Presidential Pattern
- Recommendations
He did say there are some leading indication of some improved signs of growth. Metal prices are rising and the Port traffic is rising.
I asked him "What keeps you awake at night? And, what do you think we should think about investing in?" He said "Inflation is his biggest worry and that he feels techology, industrials and retail should be the first to recover."
He feels dollar cost averaging is the way to go and feels that by "around midyear we'll begin to see a sustainable move higher."
I enjoyed his talk and the luncheon cruise. If you haven't taken a cruise of Seattle's waterfront it is well worth it.
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