by Greg Guenthner
Daily Reckoning
They’re over-baked, overbought and burned to a crisp…
That’s right—it’s time to bid good riddance to this year’s overheated safety trades. If you own any of these so-called “safe” stocks, you need to jettison them from your portfolio while you still have the chance.
Let me explain…
Yesterday, we explained how the rally in speculative stocks is the spark this market needs to launch to higher prices.
The next dominoes to fall are the safety trades that were red-hot when the market was in turmoil earlier this year.