Pete Navarro of the thestreet.com call a top of the market. USe ETF’s to short for profits.

 

Pete Navarro of thestreet.com says run to the shorts. Base on technical analysis and broader economic issues he has called the top of the market.

In disagreement with thestreet.com Dan Fitzpatrick, Pete thinks we are headed for a sustained down turn.  He recommends going short with ETF’s for those inexperienced to shorting individual stocks. 

So go TWM, Proshares US Russell 200, ProShares Short S&P 500, and DOG, ProShares Dow30.

Pete sees this all driven by the following :

1.     High Unemployment over 10%

2.     Rising oil prices

3.     Falling home prices

4.     Stagnant Wages

Time to give this strategy some consideration even if you don’t go in whole hog, it’s a way to diversify your portfolio.

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