Many institutions believe that investments should be held for the long term and this is the only way to make worthwhile returns.  This "buy and hold" strategy may have served investors well when markets have risen for prolonged periods of time ("a bull market"), but we believe this strategy does not hold good when markets are in a prolonged decline ("a bear market").

Where Barmac and most institutions differ, is that we believe we are in a global bear market which has existed since 2000.  We also believe bear markets are more common than we are led to think and often last for more than 10 years.

Our view is that ironically, bear markets can be good for equity investors because history shows us that, even during these phases, markets spend more days advancing than declining.

However it is the speed and depth of the declines that make bear markets dangerous and therefore if these can be avoided, profits can still be made. 

It is based on this view that Andrew Bartles and Andrew McCarthy have developed their investment strategy and in particular their unique, in-house technical analysis system ..... The Barmac Indicator

For a full commentary on Our View Of The Market .....click here