Salient to Investors:
Gary Shilling writes:
- The fog remains thick, so reducing long positions in Treasury bonds and Japanese stocks and cut yen shorts, euro shorts and dollar long positions.
- Maintaining long positions in US defensive stocks like utilities and health care.
- Increased short position in junk bonds and initiated shorts in emerging market stocks and bonds.
Read the full article at http://garyshilling.blogspot.com/2013/07/gary-shilling-position-update-2013.html
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