For Wednesday February 26, 2014, We Recommend Against Equity Investing


Investment Recommendations:

Sell US equity positions and hold cash.  Price inflation hedges should be held or accumulated for the long term as price inflation is starting to accelerate.  Avoid all bonds, including the new MyRA bond scheme from the Feds.  Ignore the propaganda.

Technical Comments:

The S&P 500 declined 0.13% on Tuesday with volume below Monday and lighter than the 30-day moving average, resulting in a light-volume down-day.  Should the S&P 500 decline about 20 points on Wednesday (-1.4%) our automated market forecast will likely change to an uncertain trend.

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