Get Out Before It’s Too Late
Despite high unemployment, a shaky U.S. economy with talk of a double-dip recession, and more debt crises in Europe, stocks enjoyed one of the best Octobers on record. However, with earnings of most of the big movers of the S&P 500 now reported, the focus of investors has again turned to Europe, and the picture is not good. In addition to the massive problems in Greece, Spain and Italy, China’s inflation rate has caused their leaders to tighten credit, which could have a nasty impact on the West.
The names on this month’s list of stocks to sell are from sectors that will be negatively impacted by the continuing problems in Europe, along with another slowdown in the United States and Asia. Banks and financial services are high on the list of those that would be hit again. But building industry stocks, especially those that have rallied recently, are also subject to heavy selling. And companies that have been beneficiaries of the early run for solar power are now paying the price of oversupply and competition.
Here is our list of stocks to sell in November:
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