Let me start by saying I am truly humbled by the number of followers we have out there. It has been awesome and I hope the future is bright for our stock market and economic commentary.We are at a tipping point in the worldwide markets, and though I don’t feel we are in the same boat we were in 2007 and 2008, I feel the markets are too unstable to make substantial trades and investments. My reasoning is simple. The Euro crisis, no matter how little we make of it, is not going away anytime soon. Secondly, we have to test the S&P low of 667 in order to be in a new Bull Market. Those issues have to be dealt with before an “all clear” is apparent. Lastly, too many people are abandoning fundamental investment strategies and looking too closely at Technical Indicators. That is not a good sign for the near term future of the markets. Technicals have to confirm fundamentals.If Greece leaves the Euro, the Euro will tumble, the U.S. dollar will rally and commodity prices will get crushed. Thus, sending commodity related stocks tumbling. Not a good position to be in.My advice today is to go to cash and wait all this out. There will be plenty of opportunities in the coming years. Right now there just are not any.
