by Lance Roberts
Real Investment Advice
Earlier this week, I noted that due to the technical breakout of the market above the downtrend line from last May, an increase in exposure to equity risk was required. To wit:
“With the breakout of the market yesterday, and given that ‘short-term buy signals’ are in place I began adding exposure back into portfolios. This is probably the most difficult ‘buy’ I can ever remember making.
As I stated, buying this breakout goes against virtually everything in my bones as the fundamental underpinnings certainly doesn’t support taking on equity risk here.