While you were 95% cash, investors who were nimble and bought their way in Mid July or when Fed stopped raising rates, have made some killing. An opportunity to realize profits is equivaeltn to loss incurred, for traders and investors. When stocks pulled back in May, you were among first to point out that stocks are leading indciators of the economy and how they are predicting a recession. This recent rally has been going on for almost 50 days now despite all the doomsday economists plike Fleckenstein predicting it wouldn’t last a week or two. Now SP500 is almost back to its May levels. Forget about summer 2007, where do you think SP500 will end after the earning season? All of us are here, not to satisfy our our egos as to who was correct or not, but to make money. Dealing with short term trends is best way to make money in an uncertain or bear market.
So good luck with making/preserving money. Do the way, you think is right but do realize it is not the only way.
