The author is correct. Earnings are deteriorating and fundamentals remain weak. Banking sector is essential to a recovery and banks are crippled; facing more real estate writeoffs and consumer deleveraging. Stock market has "corrected" to the upside and will now give it back over the next three months. -Investors can find monthly cash flow in MLP's around 7-10%(KMP, EPD, TPP, LINE) and Ginnie Mae bond funds (4.5-5%).
-Also consider intermediate investment grade corporate bond funds due to wide credit spreads that will come in over time(5%).
-Stocks with strong balance sheets will be buys again after the market corrects.
Why This Rally Is Unsustainable [View article]
-Investors can find monthly cash flow in MLP's around 7-10%(KMP, EPD, TPP, LINE) and Ginnie Mae bond funds (4.5-5%).
-Also consider intermediate investment grade corporate bond funds due to wide credit spreads that will come in over time(5%).
-Stocks with strong balance sheets will be buys again after the market corrects.
-A strong short is the TBT (20 year T bond).
-Cash can be held in SHY (1-3 year T's; 2%)
Note: Long all of the above.