6 reasons to sell stocks now and go to cash

6 reasons to sell stocks now and go to cash



Here is a very good bearish article about why the stock market has probably reached its peak.  The first reason for being cautious with stocks is that the job numbers have fallen.  We are probably near maximum employment, and it can't be improved beyond this.  We had the same situation happen in 2ooo when nearly everyone was employed, and then the stock market started falling which resulted in  jobs being lost.



Another good point in the article is that the rallies have no legs.  We are having a lot of one day rallies when a true bull market would have a least three rally days in a row.  Moreover, we are experiencing huge resistance in the 2100 area of the S&P 500.  We should be surging past 2100 by now if the bulls were truly in control.



A third great point is that the NYSE $Tick Index is weak.  The $Tick for today was only +231, and the $Tick Index would go over +1000 in a strong bull market.  In other words, we should have a lot more buyers compared to sellers.  So, these are reasons for being very cautious in the stock market.