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4 “Defensive” Stocks to Sell Now

Defensive stocks are supposed to hold up in a downdraft. These ones won't.

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As long as I can remember, the financial media has talked about “defensive” stocks — companies that do well in any economic climate. They often represent consumer staples, the things that people really have to buy all the time because they are intrinsic to everyday life.

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However, stocks that are normally considered defensive haven’t been playing good defense, lately. There are many reasons for this. I always like to blame the Fed’s quantitative easing program for driving up stock prices well beyond their intrinsic value, and that’s certainly part of the story here.

Each of the following stocks, though, have issues specifically related to the company or stock itself.

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