iShares Dow Jones US Financial (ETF) (AMEX:IYF)
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When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
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QUICK! Pick a reason to exit a market that has risen too fast and gotten too expensive. Here are three to choose from: buying power is getting exhausted according to DeMark indicators; daily sentiment indicators are 88% bullish; RSI’s and oscillators are over extended.
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Fading every pick made by Ultralong
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etfscreener.com
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Been sitting on sidelines for past 3 months, but now with shakeout of financial sector near,,, time to look at getting back in.. Hard to know what new regulations will look like for financial markets,, but even if unglamorous,, a consistent upward trend should come forth next year..
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Same reasoning as the one for UYG: Banks are cheap.
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Ben Stein made me do this. "Buy when the sector's beaten down." Maybe it's absorbed all the bad news already. Maybe not.
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There's Blood in the streets! Buy!!!
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This is 15% of my personal retirement portfolio. My investment horizon is pretty long. I'm only 25 years old.
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financials need a rest
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