For a few months now the indexes have been looking overbought and are either due for a quite large correction or a turn to the downside for a while. While the markets tend to keep running for far longer than most watchers expect, it would now seem to be prudent to take most, if not all, of your profits off the table and sit on your hands for a while. With each week that the market runs higher the risk of a substantial fall grows and rather than have to run with the herd trying to sell your investments into weakness, sell now into the strength that is still there and at least you will then be in cash ready for whatever comes next. Only the greedy (or the foolish) believe that they can catch the bottom or the top of a market, the best you can do is try to get as much of the fat in the middle as you can.
30 October 2017
CASH IS KING