As the month draws to a close, the fantastic rally looks like it may end with sentiment being influenced yet again by lousy prior quarter GDP numbers. Can the future prospects of companies be great if the past was worse than expected? Worse than low expectations to begin with, actually contraction of GDP.
I would stay on the sidelines until we see what the first few days in Feb. look like.
If you have profits, don’t let them become losses. If you have losses, keep them small.