I've sold S&P 500 in view of the political and economic turbulence around the corner. Fixed the 10% profit since May and now consider new opportunities. I expect the S&P 500 to fall below 1375 during the next few months. Then another rally is coming to 1500 and even higher by the end of 2013.
Meanwhile, cash is a safe haven with bonds as an alternative. Will go for 10-year notes when yield is above 2%. Do not like TIPS with price deflation (since the market falls) as an immediate danger.
Meanwhile, cash is a safe haven with bonds as an alternative. Will go for 10-year notes when yield is above 2%. Do not like TIPS with price deflation (since the market falls) as an immediate danger.
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