Blog writers accept no legal responsibility or liability for any matter or opinion expressed in this material. Opinions expressed herein are … opinions. The commentary herein is intended to be general in nature, is for informational purposes and for broad distribution. Commentary is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Nor should commentary be construed as a recommendation for a specific security. Opinions, estimates, forecasts, and statements of financial market trends constitute interpretive judgment only, are subject to change without notice and should not be assumed to be accurate or complete. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations or investment advice. Projections of expected returns and their future volatility are estimates. Forecasts contained herein may be based upon research and analysis of historical data and capital markets theory and are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. Past performance is not a guarantee of future results. Indexes do not include fees or operating expenses. Not all investment ideas, views and strategies referenced are suitable for all investors.