Phone call.

I just received a phone call from my friend Bob who asked me for some new equity names to buy. This is what I told him;

YES,
WE ARE IN A BULL MARKET WITH BROAD LEADERSHIP, SPECULATIVE SENTIMENT AND AN ACCOMMODATIVE MONETARY POLICY.
BUT,
MOST LEADERS HAVE ALREADY BROKEN OUT OF BASIS AND NO LONGER OFFER ATTRACTIVE RISK REWARD RATIO.  THIS IS NOT THE BEST TIME FOR NEW POSITIONS. IT IS  A GOOD TIME TO WATCH THE MARKET AND IDENTIFY NAMES THAT ARE STAYING STRONG AS THEY ARE GOING TO BE THE FIRST TO GO OUT OF THE GATE WHEN THE MARKET BREAKS.
AND,
THERE ARE ALWAYS EXCEPTIONS TO RULES, AND THE EXCEPTION WOULD BE IF AN ATTRACTIVE ENTRY POINT PRESENT ITSELF YOU COULD BUY, WITH A SMALL POSITION, HOWEVER THESE ARE FEW AND FAR BETWEEN AT THIS TIME.

HOPE THIS HELPS