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The Breakfast Briefing: U.S. Time For Large Stocks Pullback?
Old_Skeet has his asset allocation tweaked and ready for summer. After all, how many of us have not been expecting a pull back in asset valuations (both stocks & bonds) for sometime now?
For me it is too early to try to even guess to where the best place is to put some cash to work might be. My last oversold ventures were in energy and materials sectors and they are both now at close to fair value.
In checking M*'s Market Valuation Graph stocks, in general, are now at fair value. Think I'll wait until things get oversold by at least five percent before I do any serious looking.
Comments
Whole Foods spoiled to the tune of 11% after earnings yesterday. However, Priceline and Alibaba bearing this AM.
Old_Skeet has his asset allocation tweaked and ready for summer. After all, how many of us have not been expecting a pull back in asset valuations (both stocks & bonds) for sometime now?
For me it is too early to try to even guess to where the best place is to put some cash to work might be. My last oversold ventures were in energy and materials sectors and they are both now at close to fair value.
In checking M*'s Market Valuation Graph stocks, in general, are now at fair value. Think I'll wait until things get oversold by at least five percent before I do any serious looking.
Heading out for a little R&R.
Enjoy your day.
Old_Skeet