rjm77me's Blog : Doom or gloome or time to buy?

the job market is saying it is doom and gloom time and folks talk of double dip recession. Job data also stinks - so where do we go from here.
My take is yellow flag for caution is on.
It may be time to buy under following conditions

A. You have more than 75% portfolio in cash
B. Are willing to take further dip of 7% in stock prices then it is time to make aa shopping list and put 25% of portfolio cash to work.

material sector is oversold and stocks like BTU, X , AKS, AA or ACH or ETF like XME will be worth consideration on dips. It can offer nice risk and reward.
Safe stocks like WMT or Bershire ( Warrent Buffet holding) can also offer limoted rewards.
Check out NLY chart - if you hold it in your portfolio - it is time to take profit and buy again in 30 days - if you followed my blog suggestion. It did not dip with market. The funds or folks buy for dividend yield and stcok normally sells off after EX- dividend date. Please check the chart.
I will also consider STT and STI, MFC, HIG as risk and reward candidates

One can also buy 3X bear ETF like TZa or FAZ - I personally will wait to buy bearish ETF and best way to buy is after couple of mice up days.

Please do your own home work