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Author: EightTrack3 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 20228  
Subject: Thursday Date: 7/11/2013 2:17 PM
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It is still Wednesday? Or have we reached Thursday?

http://boards.fool.com/wednesday-30719924.aspx?sort=whole#30...

I prefer to be early with selling, rather than late. This conflicts with 'Ride Winners' but what can you do. I had been investing as long as I've been in the past ~8 years.

There are 3 reasons I sell an equity when I reduce exposure:
a) Valuation,
b) Stock market acting funny*,
c) Stock's technicals are bad.


Not to say tomorrow can't be another Wednesday.

Ed Yardeni has a blog post on the history of corrections in bull markets (yes, this could be a bull interlude in a secular bear market.) We have had three corrections in this post-Great Recession bull market.

http://blog.yardeni.com/2013/07/a-history-of-corrections-exc...

During bull markets, corrections aren't necessarily frequent occurrences. Indeed, there was only one correction during the previous bull market, but only if the start date is pegged at October 9, 2002 rather than March 11, 2003. Between the bear market of 1987 and 2000-2003, there were just two corrections. Between the bear markets of 1980-1982 and 1987, there was only one.

ET
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