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The World’s Best Stocks

What Just Happened Here?

Last year we had a lot of fun and locked in some very nice profits. This year, we’ve been reminded that the market is a two-way street, as both the U.S. and emerging markets have sold off sharply and broadly. We recommended selling four stocks in a special Monday update, and today we continue to turn more defensive, heeding the message of the market. Hopefully, this correction will end soon, but hope is not a strategy. Experience has proven it’s better to bite the bullet and raise cash.