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Some stocks like FRAN sure have been tempting to buy. However the indexes or so downwardly weighted with distribution, I prefer 100% cash.
You are right. A number of leaders are holding up well and get tempting but you can quickly get whipsawed in this environment. UA is breaking out today. VMW broke out yesterday but retreated. Got to have the momentum of the market to carry most higher.
I think this sums it up:
April 12, 2012 at 09:42 AM
Recall the saying please: IF the leaders can't lead, it not appropriate to think lesser stocks will do so.
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