Time To Sell

Odds of a continued bear market selloff increased today with this cover of Barron's. Magazine covers like this (especially at the end of a three year cyclical runup) are typically very contrarian in nature.

Overly depressed stocks -- particularly large caps -- look poised for a second-half rally, even if global political and economic turmoil lingers. The biggest bargains include familiar names such as General Electric, Home Depot, Cisco, Nestl� and Lehman Brothers.

Supposedly this is the best buying opportunity in big caps since 1994. What a bunch of nonsense. We are headed into a consumer and housing led recession.

This is the best selling opportunity on "familiar names" since 2000. The best selling time for the Nasdaq was earlier this year.

Mike Shedlock / Mish
http://globaleconomicanalysis.blogspot.com/