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Don’t Lose Your Position

Jeffrey Saut: The call for this week

* November 21, 2016

Further consolidation in the stock market is certainly possible with most equity indices still a bit extended and volumes likely to dry up with the Thanksgiving holiday here in the U.S. It remains unlikely we’re going to experience a meaningful dip, though, unless the market completely changes its opinion on the near-to intermediate-term outlook, so it is probably best to remain constructive. As old Turkey reminded us, you don’t want to lose your position in a bull market, and while it can be hard to just sit there and stare at your paper profits, it is the sitting that makes the big bucks over time. Therefore, remain patient, and if you do have some large profits to consider taking, remember to give some thanks to Mr. Market this week and he may just reward you with more.

https://www.raymondjames.com/wealth-management/market-commentary-and-insights/investment-strategy

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