I have been cutting some long exposure the past two days, but at the same time buying some stocks too. Even though I think the market has further to run, a pullback is needed as I have been saying for a week or so.
I read an interesting article in IBD today about this market maybe being like the 1966-1982 market. If that is the case the article showed all the leading stocks and how they performed during all the uptrend bull rallies along the 16 year consolidation.
The point I think it makes is no matter what you think of the market, just play the trend and make money.
Some of the winners were:
66-68--Digital Equip. (351%), Milton Bradley (369%)
71-73--McDonalds (438%), Winnebego (377%)
75-77--Waste Manag. (900%), Houston Oil (980%)
80-81--WMT (966%), Southwest Air (269%)
I love history!!
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