Significantly cashing up the Marcus Today Portfolios
Missing the wood for the trees - Managing money is about stock selection and timing. But just sometimes you have to look up from the stocks and respect what the "Wood" is doing not the trees. This is one of those times.
Corrections start fast - this looks like the beginning of a US profit take, its overdue and we will not escape. We have been “running with the market” despite a lot of stocks on high PE’s and looking overvalued. I have been happy to run with it while the market mood was "comfortable". As of now, it has become uncomfortable. We have been watching the recent short-term falls and wondering whether to do anything about it and so far haven’t. An 830 point fall on Wall Street says one...Continue Reading