Analyst Says Hold Cash, Wait For Buying Opps

Posted by Adam Sharp - Friday, May 27th, 2011

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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