Markets continue to make slow progress, slogging ahead and then pulling back, but never all the way back. Since the beginning of June, it’s been apparent that lots of the money that’s been on the sidelines for a while really wants to get back in the game, despite all the negative factors weighing on sentiment. We still have a buy signal from the Cabot Emerging Market Timer, but this isn’t really a roaring bull market. We may have to endure more volatility and uncertainty before we can really drop the hammer. Today we’re buying back into an old friend, taking a half a position in a company that’s bringing warehouse-store shopping to Central and South America and the Caribbean. It’s a good story.
