Wednesday, May 29, 2013

Sell in June?

Looks like investors finally found a reason to worry! Stocks selling due to better economic numbers and the fear that the Fed will end QE soon.

I'm still in cash. My thought remains that the market is due for a correction and since this has been a historic move up, the correction could be a bit ugly. Much like we saw in the late 90s summers.

It felt like the market cracked last week on the reversal day, huh? And now interest rates moving up and breaking out.

Dividend payers really getting smoked.

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