Watch out after Labor Day! (9/2/06)
There is a bubble in equities, but unlike in the late 1990s, which was a rating (PE) bubble, this one is an earnings (E) bubble. Higher interest rates are deadly to a PE bubble (just as higher rates tend to be punishing, in a relative sense, for high PE stocks).
Continued
September is the worst month statistically to buy stocks.
Consider exiting any position you don't feel comfortable with by real close stops.
Next buy the Silver and gold stocks on dips.
Within the next 3 - 4 years you could double your money.
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