Video: JC Parets & Paul Vigna Wall Street Journal
On Friday morning I was over at the Wall Street Journal chatting with Paul Vigna about the major US Averages. As you guys know, I haven't exactly been a huge fan of the indexes for some time, particularly the smaller caps. I still think a bearish to neutral stance will continue to work over the short-term. The 3rd quarter brought big losses to a lot of names, a majority of stocks in fact. So looking elsewhere has definitely worked, and I haven't seen any evidence yet to suggest changing that approach:
Here is the video in full:
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Source:
Blue Chips Color Market's Weakness (Wall Street Journal)
Tags: $SPY $IWM $SPX $MDY $DJIA $INDU $ES_F $NYA $RUT $DIA