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reddingrunner (92.52)

February correction?



February 03, 2013 – Comments (1) | RELATED TICKERS: VTI

I rarely try to time the market but I'm going to sell more than I buy this week in expectation of a February correction.  Estimate 60% chance of a 10%(?) correction.  Confidence level: more than average but its not like I'm selling all or most of my equities.  I just want to have a little extra cash on hand in case I'm right. I would look for a temporary correction and back to a bull market starting in March.

1 Comments – Post Your Own

#1) On February 03, 2013 at 7:58 PM, edwjm (99.88) wrote:

Wise move!  The market has been on a tear since the 1st of the year.  Lighten up; don't sell out.  Some stocks I may sell some (not all) of include AMGN, PHM, YHOO, and CSCO.  All of them are good stocks, but are likely to get "corrected" more than most if a correction occurs.  Always nice to have a little cash on hand, and right now I am fully invested.

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