In this week’s video, Paul Goodwin, chief analyst of Cabot Global Stocks Explorer (formerly Cabot Emerging Markets Investor), looks at the wretched state of the market as the major indexes look to be retesting February lows with the S&P perilously close to its 200-day moving average and only a one-day rally to sustain us through the long weekend. The important thing, Paul says, is to honor the signal of the market and cut way back on new buying while keeping losses small. If you’re determined to buy, look for stocks that are outperforming the market. But cash is king right now.
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