Post on 28-Jul-2015
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NOISE! NOISE! NOISE!BUY BUY SELL
SELL
BEAR MARKET
CRASH
EBOLA
CHINA
CRASH
2008
BUY THE DIP
ST
RO
NG
ER
USD
THEN AND NOWCHARACTERISTIC MARCH 2000 OCTOBER 2007 SPETEMBER 2014
INDEX LEVEL 1,527 1,565 1,972
P/E RATIO FWD 25.6x 15.2x 15.2x
SHILLER P/E 43.22 27.32 25.49
DIVIDEND YIELD 1.1% 1.8% 1.9%
PRICE TO BOOK 5.06x 2.91x 2.73x
FED POLICY RATE 6.0% 4.0% 0.25%
10-YR TREASURY 6.2% 4.7% 2.5%
HOUSELHOLD DEBT SERVICE RATIO 12.09x 13.18x 9.91x
Nobody Knows Nothing!!!!!S&P500 Actual Year End
20131,848
Company NameS&P 500 Target Year End
2013Missed it by this
much
WELLS FARGO 1,390 32.95%UBS 1,425 29.68%
MORGAN STANLEY 1,434 28.87%DEUTSCHE BANK 1,500 23.20%
BARCLAYS 1,525 21.18%CREDIT SUISSE 1,550 19.23%
HSBC 1,560 18.46%JEFFERIES 1,565 18.08%
GOLDMAN SACHS 1,575 17.33%BMO CAPITAL 1,575 17.33%JP MORGAN 1,580 16.96%
OPPENHEIMER 1,585 16.59%BOFA MERRILL LYNCH 1,600 15.50%
CITIGROUP 1,615 14.43%
AVERAGE 1,534 20.45%MEDIAN 1,563 18.27%
Your Portfolio
13.00%
37.00%
15.00%
5.00%
10.00%
5.00%
15.00%
SCM MODERATE PORT-FOLIO
FIXED INCOME US EQUITYINTERNTATIONAL DEVELOPED EMERGING MARKETFRONTIER MARKET MANAGED FUTURESCOMMODITY TREND FOLLOWING
40.00%
45.00%
10.00%
5.00%
SCM MODERATE BENCHMARK
FIXED INCOME US EQUITYINTERNTATIONAL DEVELOPED EMERGING MARKET
SCM Hedge Strategy