Wednesday, August 11, 2010

Take Some Profits

I suggest that after seeing these huge market rallies over the past few weeks, that's it a good idea to take some profits off the table and look for some better entry points in stocks when they pull back a bit. The January rally won't last much longer, and the market will for sure see lower valuations than what we see today, at some point. Take some profits in the commodity stocks, ie natgas, oil, gold etc that have run up big. They will fall back down and you will be able to buy them back for cheaper.