Monday, June 10, 2013

Marc Faber leaning towards Shorting stocks

A lot of large caps stocks Mc Donald's MCD, Coca Cola KO, Walmart WMT, P&G PG most likely have peaked out. There are still stocks that show strength that could continue to appreciate. That momentum could bring a new high possibly around 1700. I wouldn't bet on it. If someone put a gun on my head and said you have to be long or short, I would take the short side.