Finally bearish @ S&P 1823
Holy bull market. Even the 10 Billion dollar tapper hasn't put a damper on the market. Economy is improving. Congress is working together. Everything is good. That is why I am finally bearish. This is short term though....at least for the next 6 months. I think there could be a pull back to about 1685. That being said I am fully invested. 100% stocks. I always am. There are always deals out there. The only names I really like right now are..... IBM, WFC, LUK, WMT, IMO, LH and NOV. Things I would stay away from. As I have mention before.... anything to do with bonds. Like stocks there are always mispriced bonds out there but as a whole I would stay away.
Long IBM and WFC
Note: timing the market is about impossible I could be totally wrong that is why I buy and sell stocks relative to price and what I think they are worth.... it is much easier that way and none of it is emotion driven, a guessing game, chart driven or done by market timing...... good luck all