Knowing When to Sell

This market has been overbought for the past three months. Unless you're Apple or Goldman Sachs, your company probably hasn't increased its earnings with increased revenue. Maintaining profitability by laying people off is only hurting this economy more.

Goldman Sachs' projected year end level for the S&P is 1,150. Let's say that 1,100 is close enough. If you're staying in this market for 50 more points, you're being too greedy. It's time to sell. Get out or buy some puts on the Russel 2000 to hedge your bets.