A second week of strong gains in the stock market. What does this mean for your portfolio going forward? I make the case that this rally is one that should be sold. This means that if you have excess risk exposure, now is the time to lower that risk. I believe we will eventually hit bear market losses in this market. Right now we are only 8% from the all-time highs. This means there could be another 12-20% downside in price action. Don’t be a seller at the market bottom. ETF’s for the future. Today I highlights two ETFs that you should be aware of and from this day forward monitor. The case revolves around the emerging market consumer. There is a growing middle class in emerging markets and there will be a boom in consumption. Know where to invest ahead of time. Tuck these ETFs under the rug for when the emerging markets finally turn around. Beware of Broker Dealers. You may not be aware of the HUGE difference between a registered investment advisor like myself and a broker dealer firm. Broker dealers don’t care about you. They place their interest head of yours. I highlight a story about a simple muni fund where a new client of mind was tarred and feather by back end loads, 12B-1 fees and a redemption fee of 2% by an unscrupulous broker dealer that only cared about their income not their clients. Give it a listen you will be shocked at what happened. 
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