Wednesday, February 29, 2012

Take Profits Now

I reiterate my strong urging to take profits on stock holdings now and build cash reserves for better future buying opportunities.

Reliable market sentiment indicators are at historically high levels--levels that have been associated with significantly negative returns on stocks.  

Reduce stock holdings, patiently hold cash, and research potential stocks to buy while setting price targets for purchases.

Steve Lehman

S & P 500:  1370

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