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Exponential rapidly rising or falling markets usually go further than you think, but they do not...

Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways," is #4 of Bob Farrell's "Market Rules to Remember." Channeling that, BAML's Steve Suttmeier sees stocks continuing their run with risks of a topping-out not arriving unti late summer. He's most bullish on industrials (XLI) - particularly "oversold" EXPD, DE, CAT, FDX - and also thinks financials (XLF) will remain market leaders.
Comments (4)
  • bbro
    , contributor
    Comments (10311) | Send Message
     
    In 1987 I used the MACD crossover system to exit my Mom's portfolio after the summer meltup that year....
    21 May 2013, 08:56 AM Reply Like
  • Joe2922
    , contributor
    Comments (424) | Send Message
     
    Good chance market corrects very soon, this month, and could have a bearish summer with a bottom in Oct. This is where we are in the Bull/Bear Cycle, parabolic now, which never ends well
    http://bit.ly/WpVqYk
    21 May 2013, 09:12 AM Reply Like
  • bbro
    , contributor
    Comments (10311) | Send Message
     
    Wilde is way too bearish....
    21 May 2013, 09:21 AM Reply Like
  • Joe2922
    , contributor
    Comments (424) | Send Message
     
    I don't think so, he's long, and knows what goes up must come back down. "When you're Yellin' you should be Sellin'"
    http://bit.ly/118Pvay
    21 May 2013, 09:30 AM Reply Like
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