In last week’s Reducing Risk post we discussed why we reduced risk in anticipation of a pullback in the markets. However, there are some warning signs which beg the question
“is a larger correction coming?
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A Tough Start
What started out as a promising January, didn’t end up that way as markets dipped into the red for the year. More importantly, February tends to be a weak month which suggests the selling may not be over just yet. Such is particularly the case, as we will discuss momentarily, with many areas of the market technically stretched and over-valued.
Is A Larger Correction Coming? zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
In last week’s
Technically Speaking post we discussed why we reduced risk in anticipation of a pullback in the markets. However, there are some warning signs which beg the question
“is a larger correction coming?”
A Tough Start
What started out as a promising January, didn’t end up that way as markets dipped into the red for the year. More importantly, February tends to be a weak month which suggests the selling may not be over just yet. Such is particularly the case, as we will discuss momentarily, with many areas of the market technically stretched and over-valued.
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A Technician s Thoughts on the Market Heading Into 2021: Part 1 What passes for analysis has changed over time; we take a bit of a deeper dive here.
Dec 28, 2020 | 09:02 AM EST I broke down the other weekend and bought Barron s for its 2021 Forecast issue and I also bought
Investor s Business Daily to see its latest top 50 list. Why, you ask? Many years ago when I worked at Smith Barney Harris Upham, I would buy several magazines in late December Forbes, Business Week, Fortune, Money and others to see what the consensus view was for the year ahead. I kept in mind that if too many reporters/journalists recommended the same stocks and sectors I would tend to go in the opposite direction to some degree. If everyone recommended it then it was an overcrowded trade and I wanted to pass on it.