Flags are Up

This morning I received notice that Flags were Up for SPY and QQQ and I invested 30% of the 37% cash position I took at the time of my last posting. I will be speaking at a program by the people who issued these flags on the 24th of this month. I will ask them if I can post a link for you to that event. The gist of my speech is: the buy-hold strategy on a market index, is dead and the culprit’s initials are, AI.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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