Moraif: Get Out of Stocks

“Despite a strong 316 point rally on Friday, the market lost almost 1% the week ended February 12th. Very similar to what happened the previous week when we saw big, violent swings on the downside with a strong 396 point rally to finish the week. …

“We are advising our clients to be out of the stock market and on Defense. This means bonds and money market fund both of which have fared well so far this year relative to the stock market as it has fallen off sharply.

“To learn more about playing defense with your portfolio and to help position yourself to take advantage of the opportunities that will present themselves and also to protect yourself from the coming bear market that I see, please schedule a time to come in and visit with our friendly, knowledgeable, and very capable financial advisors.”

— Excerpt contributed by Jason Kelly

_____________________________________

Z-val: Ken Moraif
Via: Money Matters
Date: 2/15/16
Disposition: Medium-Term Bearish
S&P 500 on 2/12/16: 1865
S&P 500 on 8/12/16: 2184
Change: +17.1%
Judgment: Wrong

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