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  • thetrdr thetrdr Jul 17, 2013 7:32 PM Flag

    Sold! Locked in Gain. PE Somewhat high and market is feeling the weight of its gains

    Best to bank profits here. The run is nearly over, Good article to read that came out today, "Seven reasons why the market is topping out: by Doug Kass : North American consumer looks especially weak in the second half." UPS lowers expectations and Coca-Cola's weak shipments being just two.

    Sentiment: Sell

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    • thnks for the heads up.

      pretty bold call Kass is making when he concludes "I'm flat-out saying that the market is making a top here"

      Frankly I hope he continues to be wrong since I'm about 80% in equities - Kass makes some good points regarding revenue growth, etc., but as long as Bernanke has his put in place mkt willnot correct much IMO.

      Ineresting also I think I heard Chanos mention he was net 5% short which for him he said was about flat

      • 1 Reply to slider5x5
      • The last 2 weeks have been a recovery of 5% in a "managed" account. I am up more than that, but have fewer strings to pull. Both reached highs in the last 2 days. My guess is that the second half will be good, because everyone will be in the market for all that it can be until Bernanke retires. That could be very wrong, but throwing in the towel now seems premature.

 
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