Analyst Says Hold Cash, Wait For Buying Opps
From Yahoo Breakout:
Whether or not you caught the "Sell in May/Rotate to Defensives" trade this month, the good news is, you're not too late. With stocks paring losses these past three days, the long-awaited correction is looking a little thin now that we're down less than 3 percent for the month. And that's just fine with Paul Simon, chief investment officer of the Tactical Allocation Group, because he thinks there's more to come.
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