Second, if you own the natural resource stocks we've been recommending, stick with them. Gold is soaring, up $40 just in the past few days. Oil is approaching record new highs and about to blast off to $100 a barrel. Naturally gas prices are jumping again.
That's why Enerplus (ERF), one of my favorite energy funds, continues to churn out a nice dividend yield that's double what you can get in money markets ... PLUS a yearly capital gain that's averaging many times the S&P's.
Third, sell U.S. tech stocks, especially those that cater mostly to consumers. Already, just since the beginning of April, the tech-heavy Nasdaq has fallen as much as 13%. Yesterday, despite revived hopes on Wall Street for a Fed rate pause, it was down again!
Fourth, if you own shares in interest-sensitive sectors — like mortgage lenders or home builders — get rid of them immediately. They're destined to fall much further. |
