John Woods, CIO of Asia-Pacific, wealth management for Credit Suisse, is suggesting that clients go to cash on rallies, lighten up until three things are clarified.
1. The Fed
2. China
3. Oil
He isn’t sold on the idea that the Fed is done hiking rates and views it as a negative for equities. And, of course, both China and oil are two things that constantly harangue investors–driving them to the outer limits of sanity.
“Rather than accumulate, in the likelihood of a technical rebound…lighten your exposure in higher prices. The balance of risk is tilted to the downside.”
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3-4K!
At least you are becoming aware of the obscenity. You have grown.
I always knew it was. I swear, there is nothing luxurious going on here. Just ordinary whole foods/organic food shopping for 5.
Food and entertainment does add up. I will forgive you your trespasses. I am frankly sick to my stomach about the price we pay for a nanny.
It is all good. Larry Fink just admitted the worldwide economy is crashing. Results are no longer needed just faith in banksters. Stewards of the vig on everyone’s fake retirement fund. Awesome. Amen.
The more MSM saying this, the better. Epic rally tomorrow probably.
So it begins, with crude.
So many crude statements !
The problem I have with ALL cash
– Slow down, minor recession, sure, 2001-2002, 2008-2009, don’t see it
– Doubt there will be a definitive “capitulation” bottom that so may folks expect to be seen.
– You have to believe the odds are market will be higher a year from now
– The market will likely be near a new high before folks like Woods declare the bear dead