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Reasonable people understand that the stock market can go down as well as up; so after a six year run that pushed the Dow Jones up 180%, maybe it’s time to stop looking for reasons to buy stocks and begin looking for reasons to sell.
With NYSE margin debt now at record highs, this alone is more than sufficient reason to take profits and exit the stock market now. As seen in the chart below, bad things happen at peaks in margin debt. There have been many times in market history when exiting the stock market for a few years was the smart move, I think July 2015 will prove to be one of them.
...considering the deteriorating foreign markets, and the increase in bond yields the world over for the past four months, I believe we are on the cusp of another significant market downturn that will overwhelm the best efforts of the “policy makers” to prevent it. With gold and silver’s bear markets now four years old, the prospects of a financial collapse causing a major rebound in the old monetary metals are looking better and better.
It also doesn't hurt to take a look at what is transpiring on the home front.