On Wednesday, I covered what makes these markets look safer than they really are.
They’re being lead ever-higher by behemoth leadership stocks while the VIX plumbs ever-lower lows. Investors are doing very little hedging. Some of the bricks-and-mortar retail companies we’ve targeted are getting an extension put on their death sentence as they’re being lifted with the rising tide.
But that doesn’t mean that these companies are suddenly better. And it doesn’t mean that the positions you are already in that are preparing for their demise are now worthless.
Far from it.
Here’s what the VIX is missing, and how our positions in SHLD and KSS have been affected…
Somehow, politics have had little effect on day-to-day markets. It’s been driven by better earnings and better growth, (both domestically and globally). We have nowhere to go but up. Institutions have nowhere else to go, pension funds have nowhere else to go… Where else would you put your money?
On his latest appearance on Varney & Co., Shah Gilani gives a month-by-month forecast for the next several months. He’s been right so far, so the smart money would listen to what he has to say. He also covers Apple Inc.‘s (NASDAQ:AAPL) latest move, why he’s sticking with Target Corp. (NYSE:TGT), and how he would play Urban Outfitters (NASDAQ:URBN). Click now to watch…