Just as a rising tide can lift all boats, a falling tide can also sink them.
As I've been writing for the past few months, investors should be thinking about opportunities for profit-taking after the market made a virtually uninterrupted upward move since October, 2011. I was poorly-positioned for that rally in my $100,000 Real-Money Portfolio, focusing on stocks that were built for the long haul. Instead, the market has rewarded investors that aimed for the riskiest corners of the market.
Since hitting a peak of 1,416 back on March 26, the...