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Friday, January 21, 2011

Look out for the pullback!

This market has been rising non-stop since September. Many believe that it has gotten ahead of itseld and is due for a correction. People are looking for any excuse for a sell off, so you might want to think about hedging to the downside or taking off any positions that you don't feel comfortable holding for the long-term. I prefer to open up longer-term positions to avoid the temptation of trading day-in and out. Hopefully the pullback will allow me to find some bargains.

Check out these charts over at Beating Buffett showing the VIX creeping up.


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