No less an authority than Tom McClellan went onto CNBC (“The Network That Never Knew a Bear Market”) yesterday to declare that the bull market would just keep rip-roaring away another year. Maybe. Maybe not. I wanted to show a couple of ETFs which I’m short that suggest otherwise, at least for the short-term.
The first one is the emerging markets bond fund. Doesn’t exactly look healthy, does it? This is by far (by an order of 10 times) my biggest positions, and I’m cheerfully holding onto it.