[b][color=teal][size=5]About 2 or 3 weeks ago just before GOVT SHUTDOWN #1 — I moved all 401K and IRA MUTUALs to safety (MONEY MKT) … after a strong 300+ point surge on DOW — I felt even 26,100 was too good to be true (with no corrections in past 3 years or so) … I’ve been doing that type of approach for decades now — as if you don’t LOCK in profits, you sometimes have to “re-earn” them all over again :)
I believe equities still will rebound due to great TAX advantages & deregulations … but that does take time to filter down to the workers, etc. While I’m 99% cash, I’ll be buying back in gradually … I don’t know if this is a small or the GREAT correction that is long overdue, but with GOVT shutdown II looming, we do have a little uncertainty ahead.
One good reminder for all — STOCKS go DOWN faster than they go UP (which is why it is difficult to exit markets)
Still, even if we go higher, one cannot ignore RISKS in the 30% upside in equities — which even better investment climate has not filtered down fully yet(as economy is not 30% better for the average citizen yet) … I’m neither BEARISH or BULLISH — but cautious all the way :)[/size][/color][/b]