It is currently correct to be out of stocks. However, there are very powerful cyclical influences that I have written about in here for a fall rally. We will probably drop into that timeframe, which could setup a very nice buy spot. I am not going to review everything again at this point. I like the fact that there is alot of developing bearishness about stocks. This will make the rally more powerful, and more likely to happen. You want to buy into bearishness, and sell into optimism when trading stocks.
We need a bond rally to kick it off, and that is developing as we speak. If it continues into the fall, we will be in business for long stock positions. Until then, I would recommend a cash position in stock accounts.
