The trend of the market has been relentlessly higher since the start of the new Bull Market way back in March 2009. The trend is your friend, and all of the forces that have created this Bull Market continue to sustain it. So why does the market “feel bad” to me right now, and why do I feel a short-term top and why even bother to try to find short term tops?
I have recently shared my feelings that we are about to have a swift violent market correction and how to handle it. Just having a plan when sharp pullbacks come put you in the right mind fame to catch the next upturn.
The sweetest part of the four-year presidential election cycle starts in the fourth quarter of this year and has historically produced an excellent nine-month run. Expect all the economic numbers to be hitting high notes and the market to be hitting all-time highs again too. It just feels to me that the market will shake out lots of investors just prior to its next big run.
To be clear, I did not and still am not suggesting it is time to sell everything. If you follow the suggestions from last week, you would have caught this “potential last wave of this summer” even while having your eye on the exit door. I’d suggest you review those suggestions now because I really do think we are at a critical point in the short term. In my opinion, this is just not the time to be too far over-exposed. Maybe I am too focused right now on feeling a short-term top. I am looking forward to buying if (and when) fear creates a new buying opportunity by late September.
By Jordan Kimmel, Chief Investment Officer at Investview, Inc. (INVU).
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer