All Time High, Where To Look For Shorts

With $4 trillion under management, Larry Fink thinks the market is at a bubble high, so where would you look for shorts?

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Here's an excerpt from a Yahoo Finance article:

The Federal Reserve Bank says it will continue its $85 billion monthly bond-buying program unabated. That has led the CEO of the world's largest money management firm to say the markets are starting to look like a bubble.

At an event in Chicago, BlackRock CEO Laurence D. Fink is reported to have said about the Fed's "quantitative easing" ("QE") program:

"It’s imperative that the Fed begins to taper… We’ve seen real bubble-like markets again. We’ve had a huge increase in the equity market. We’ve seen corporate-debt spreads narrow dramatically."

That is a strong statement from the top person at a firm managing $4.1 trillion.

The Semi conductor index (SOX) is near long term resistance, and a great place to look for long term shorts.

Stocks such as INTC, TSM, AMAT, TXN, BRCM, MU, SNDK are in the SOX index.

Then again, is Larry trying to get you to sell your shares, so he can buy? That is the way of the markets.

 

SOX

 

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