No stock picks today – if the Market keeps correcting – I will try to find some trade candidates by Friday. Retail stocks got smashed yesterday, both Bed Bath & Beyond and Williams-Sonoma were down more than 3% – will be keeping an eye on both for possible trades.
The Energy Sector is also getting crushed with Oil trading under $40 dollars a barrel again today – so there might be some plays in the Oil patch at some point.
Bill Gross is getting really bearish – saying investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices:
Also, another really important article posted by 720 Global:
Here is a chart I pulled out of the post which shows where we are in the current valuation cycle:
Only the dot com bust was worse – and look at the Market Price action during those recessions.
I am not selling any stock at this level, but I am letting cash build up – predict there will be better investments to be made later this year.
Leave a Reply