Market bounce

The market had a strong bounce up recently and provided nice gains. This is a great example of why investing should be done objectively based on facts and data rather than emotions. Rash decisions can often cost dearly. At the same time, I'm cautious as to where the market will go from here. I believe bad economic data will drive the markets to the downside in the mid term. Client funds are being managed cautiously as to avoid major losses.

Looking at the big picture, history suggests that investors are better off being in the market than on the sidelines in the long term.