The real question will be, with the bullish economic data, will Yellens comment in Jackson Hole remain as dovish as the market hopes it will be? said Lawrence Glazer, managing partner at Mayflower Advisors in Boston.
Date: Aug 22, 2014
Source: Google
Biotechs lift Wall Street; Dow back in black for 2014
"Investors seem to be looking past the retail numbers and seeing the silver lining, which is that the Fed could be less hawkish and keep interest rates down for longer," said Lawrence Glazer, managing partner at Mayflower Advisors in Boston.
The earnings season overall has been in line, but when companies with rich valuations disappoint, youre going to get crucified, said Lawrence Glazer, managing partner at Mayflower Advisors in Boston. Amazon and Visa are significant components of the overall market and bellwethers of their respec
The second reason for retirees to emphasize bonds is for the stream of interest income (which also provides some of the cushion in a portfolio). On the income front, the rise in yields is good longer-term news for retirees, says Lawrence Glazer, a financial adviser in Boston.
"Academic theory doesn't always translate well to a messy real world," warns Lawrence Glazer, portfolio manager at Mayflower Advisors in Boston, which has $1 billion under management. "The value investors' graveyard is filled with strategic investors that have failed to unlock the embedded cash or a