Thursday, February 17, 2011
The stock market looks very overbought right now. Besides that, it has been going up for almost 2 years with hardly a pull back. It will very likely take a rest and consolidate or have a moderate pullback of 10-15% for a period of several months some time this year. It's time to look for a spot to exit most stocks and buy back at a low point. Unless you just want to hang on, that's fine, too. Good stocks will be at a higher point by the end of the year in spite of a pull back.