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By IFII Staff
Weekly Wrap-Up- Mutual Funds Deceiving Fixed Income Investors?
Ed Pawelec blows a dirty mutual fund scam wide open in this eye-popping piece -- click here for more.
- How do Smart Traders Take Their Profits?
Chris Rowe treats readers to an inside look at his playbook on where and how to take profits -- click here for more.
- Looking for a Way to Profit from the Falling Euro?
Costas Bocelli shares his lowest risk, highest reward play for betting on a weaker euro -- click here for more.
- Never Overpay for a Stock Again
Teeka Tiwari shares one simple tool to immediately tell if a stock is overvalued or undervalued -- click here for more.
- 3 Tips to Rebuilding Your Wealth
Christy Heady warns against the madness of desperation and how to avoid it -- click here for more.
Big T's Takeaways
So far Q2 earnings have been lackluster, but not terrible. In this environment, when expectations are so low, mediocre news becomes good news.
A rise in Spanish bond yields, along with the market being a little overbought, led to the indexes taking a breather on Friday.
Next week the Street will be fretting over the Durable Goods number on Thursday and the Q2 advance GDP number on Friday.
The market is looking for 1.2% on GDP, which is a pretty awful number; but that’s the one baked into the cake. I'd expect the market to be soft going into the GDP announcement, and would still view pullbacks as a buying opportunity.
The key here, as always, is to trade with a stop loss. No matter how bullish you are, having a stop loss is your safety net in case the spaghetti hits the fan.
After all, if GDP comes in far worse than expected, the market will get hammered. We don't possess next week's Wall Street Journal, so we have to use stops to protect ourselves against the unexpected.
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