With the recent trading actions on the street, it is quite obvious that we are in bear market now. Any day can be treated as selling your positions days. The US economy is looking to have recessions in the near term. And inflation is popping up everywhere you go, gasoline, food, and many kinds of basic materials are up. These scenarios do not bode well for the bulls.
I would stop buying any stocks right now. Hold tight with your cash until the tide has turned. Like Cramer says: "Don't Buy!"Don't Buy!" Yesterday we had great earning pre-announcement from (IBM) and (HPQ), but today we got bad news from (C). Most bad news are coming in the coming earning season. Stay put. Short the high flyers from last year, it can make you money.
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