AI
Wednesday, March 06, 2019 8:51:11 PM
I went to cash this morning as fast as I could.
I have a bad feeling about this market. I could be wrong, but prefer safe over sorry.
A 20% drop from all-time highs defines a bear market.
There are only two sectors listed below which have All Time Highs so far this year. Guess which two without looking. That's right, Semiconductors and Utilities. But I don't think Semis will last much longer, and today might have been a another sign of that.
If you guessed Utilities, you're smart enough to know why -- ever lived in a house or went to work where all the utilities are turned off? Bingo! And that's why a lot of smart investors and funds jump onto utilities when everything else starts to stink.
Utilities is the canary in the coal mine.
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