Warning! Get out of these stocks while you still can

It was once said of Leon Trotsky that the proof of his exceptional far-sightedness was that none of his predictions had yet come true. By that logic, I've made more than a few far-sighted predictions myself in the past year. In each of the following cases, the stock in question has somehow evaded the total destruction I have so justly called down upon it; in some cases, it has declined only slightly – in others, it has had the audacity to rise.

I don't pretend my failed predictions never happened; in this way, if no other, I differentiate myself from most financial pundits. On the other hand, maybe it’s the Irish in me, but I don't see any of these as failures – just unfinished business.

By the way, the current average P/E Ratio of S&P 500 stocks is now 19.77. We grow ever closer to the important psychological threshold of 20. Do yourself a favor and don't own any of these stocks when that happens.

Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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