i ve: We're not yet at similar extremes, according to Market Watch. But we're getting there. Less than five months later, the Nasdaq Composite COMP, 1.11% had plunged 21%, the S&P 500 index SPX, 0.74% had slumped 17%, and the Dow Jones Industrial Average DJIA, 0.19% had fallen 14.5%. Now the same conditions behind my cautious call last summer are shaping up again. This tells me it's time to lighten up on stocks to prepare for the gathering storm. I wouldn't sell out of medium-term positions. I've been telling subscribers of my stock newsletter Brush Up on Stocks to get out of dubious trades, get off margin, raise cash and be extra judicious about entering new positions.
(news.financializer.com). As
reported in the news.
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