After all the momentum we have witnessed, suddenly something is scaring most participant, It IS the scenario of " higher interest rates staying higher much much longer "
High interest rates have killed most bull market, this time, It may be NO DIFFERENT....
Technically many so called leaders all " pulling back 12% or so " NOT a pretty picture....
10% down is a correction...
20% down is a bear market....
By the time its all said & done 20% pullback is quite doable.....high probability
YES...you can do quick trade here & there BUT DO NOT live in HOPE.....
I have reduced my exposure " substantially " & removed more than house money.....
Here is how my last week ended :
Last week Down 23.41%
YTD UP 88.71%
Here is my weighting on 42% exposure :
AMDL 45.36%
MRVU 34.88%
SNDU 19.76%
BLOG does NOT give buy or sell.
PS ....last week I had record number of BLOG visitors 76,000+++ in one day.....Thanks to all new visitors....
Saleem
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