Even the most fervent bull cannot deny that there is something wrong with the economy. Data should not be coming out this weak during a recovery, even if there is a large margin of error.
It is very difficult to trade the market based on economic data. If selling when a bad number came out made money, everybody would be rich. The biggest anomaly I see is the discount that safe stocks trade at compared to economically sensitive stocks. It seems like a no brainer to be in defensive stocks.
5 comments:
Being in defensive stocks may be akin to seeking out the best cabin on the Titanic. Perhaps being short or flat would be more appropriate!
I was suggesting that long defensives/ short cyclicals made sense to me.
great post
Long more MIPI @ 1.26
OD
Cash is the same as being short here.
Would dump those longs tsachy
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