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Peter. Schiff-The “Peter was right”. [after 10 years] moment is here…..

Posted by Richard640 @ 16:37 on September 3, 2019  
Investors should be very aware about the deviation in performances across asset markets. Historically, this is more of a sign of a late-stage market topping process rather than a “pause that refreshes the bull run.” 
This is particularly the case when this crowding of investments is occurring simultaneously with an inverted yield curve. 
On a purely technical basis, when looking at combined monthly signals, we see a picture of a market in what has previously been more important turning points for investors. 
Sure, this time could turn out to be different. 
Since I manage portfolios for individuals who are either close to, or in retirement, the risk of betting on “possibilities,” versus “probabilities,” is a risk neither of us are willing to take. 
Let me restate from last week:
“Given that markets still hovering within striking distance of all-time highs, there is no need to immediately take action. However, the continuing erosion of underlying fundamental and technical strength keeps the risk/reward ratio out of favor. As such, we suggest continuing to take actions to rebalance risk.
  1. Tighten up stop-loss levels to current support levels for each position.
  2. Hedge portfolios against major market declines.
  3. Take profits in positions that have been big winners
  4. Sell laggards and losers
  5. Raise cash and rebalance portfolios to target weightings.
We are closer to the end of this cycle than not, and the reversion process back to value has historically been a painful one.”
Remember, it is always far easier to regain a lost opportunity. It is a much more difficult prospect to regain lost capital. 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.