LA JOLLA, Calif., Sept. 26, 2008 (GLOBE NEWSWIRE) -- Back in November 2007 during the height of the stock market buying frenzy, everything was business as usual on Wall Street. But K. D. Clewley Capital Management didn't follow the complacent herd. Instead, the investment company moved its client accounts into safe money market funds. Since then, the S&P 500 has fallen by 19% and continues to be volatile.
Early intervention was and is a key factor in protecting the assets of the management company and more importantly, of Clewley's clients; i.e. it could be your money that is being wisely protected during bad times as well as wisely invested in good times. Looking back at the other times in history, the percentage decline in the markets so far has been considerably less. Yet, the press and other media outlets have led us all to the brink of fear, echoing the famous Thomas Paine quote, "These are the times that try men's souls."
Company founder and CEO Kevin Clewley's background includes a Wharton MBA and eleven years as an analyst with New York investment firms Neuberger & Berman and Scudder, Stevens & Clark. Highly educated in business and financial trends, Mr. Clewley explained his somewhat maverick but sound financial strategy. One of the first among the bear market-seers, he said, "We continue to believe that a bear market is underway. Historically, bear markets have resulted in declines of anywhere from 20% to 50% in the S&P 500. Until our indicators show that a bottom has been reached and that the stock market outlook is again positive, we will remain in safe money market funds. But the change can be a heartbeat away. Thus our constant vigilance is a must."
When world financial markets get unclogged and the stock market begins a steady upward swing, K.D. Clewley Capital Management will manage its capital with the same strong conviction based on scientific and historical indicators. Even though the U.S. stock market has fallen less than the international markets in many areas of the world, the key to investing seems to have a lot to do with a crystal ball. "Not necessarily so," said Mr. Clewley. "We don't need a crystal ball to keep our clients' money safe while still accruing some yield. When our highly sensitive indicators are positive we aim to be fully invested in the most attractive index funds. When our intricate indicators are negative as is currently the case, we remain in safe money market funds. We don't toy with other people's money. We are a safe haven during the storm and a storming force during an upsurge. The key is in knowing the difference."