Previously, I posted about my three signals for a market top: 1) Bears capitulating; 2) Beaten down stocks reach 52 week highs; 3) Oil reaches $100/barrel. First oil is still at about $55/barrel, second stocks such are Under Armour, GE, and JC Penney are hitting new 52 week lows; and third bears are discouraged, but still bearish.
However, I am still a bit cautious and selling some of my winners to take profits. In addition, I am shifting my equity weights towards REITs (for guaranteed income), and international (for higher relative returns). At this point, I don't think there will be a severe correction or crash will occur in U.S. markets. Rather international markets will outperform the U.S. and so I am shifting my weightings toward those markets.
Disclosure: At the time of this post, we owned shares of Under Armour, JC Penney, and GE... unfortunately.
Disclosure: At the time of this post, we owned shares of Under Armour, JC Penney, and GE... unfortunately.
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This is not financial advice. Please consult a professional advisor.
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