The Dow Jones Industrial Average is up about 8.5% since Donald Trump won the presidential election – up from 18, 333 on Nov. 8 to 19,891 on Feb. 1. Many have been concerned by the surge. To Brad Lamensdorf, author of The Lamensdorf Market Timing Report, this “large dose of enthusiasm into an already overvalued market” is “very worrisome.”
“From a contrarian perspective, these record-high indicators are warning signals to watch out. We take these warning signs very seriously,” he wrote in the January issue. He pointed out that he already has advised real-time subscribers of his newsletter to re-short the 12 1/2% covered before the election, rebalancing exposure back to 50% short.
LMTR is 50% net short, its highest level.
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
