JP Morgan’s global head of equity strategy, Steven Rees, isn’t a fan of this rally. As a matter of fact, it’s already higher than his year end target. As such, ergo, he recommends that you remove the beer bottle from your mouths and collectively sell your stocks in order to reallocate into a dividend stock buying strategy. Granted, this plot of his seems a bit convoluted and a tad hypocritical. After all, if stocks are truly overpriced, why not suggest cash?
Nevertheless, he wants everyone to know, aside from his wanton hatred for equities, he is NOT a fan of oil, especially after bargaining its nefarious way up to $40.
Oh, but he thinks earnings should get much better in the second half of the year, so you might need to ignore everything he just said.
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Room is being made aboard the ark. The animal waste storage room has been cleared and filled with hay and the snakes. Still there is room for a few people in there.
Many of the marsupials have left the ark, believing the weather no longer posed a danger. Said marsupials will learn the hard way that they were wrong.
Crude turns lower and the koalas beg to be let back on.
Honestly… I think we should let them back on.
We need the exact opposite to be in the headlines for this sort of thing to work
Probably a bit late, as analysts usually are. I partially rotated into dividend stocks like PG and CAT and D and WY a while back, and they’re up 15-20%. If I really thought the market was going down, I’d prolly wanna sell things that’re up 20%.
Quick, Fly.
Cover that XLE short.
Already up as much as one years interest on a CD.
Welcome Devil Dog, Steven Rees. The more Devil Dogs, the merrier.
The market is telling you Hillary Clinton (not Trump) will be president, and the bull lives on.
You people are fools to reduce long term exposure