We are in uncharted territory, both figuratively and literally. I depend on patterns, horizontals, and trendlines, to help me make decisions. When the market is in crack-up asset boom mode, the best thing to do is take a time machine back, buy everything, and just wait until it stops. This is truly an unrelenting bull, and at this point I can’t help but think that inbound thermonuclear missiles would be seeing as just another buying opportunity.
Of the five portfolios I manage, three are entirely cash, one is 60% committed, and the other is merely 36%. (When I’m feeling aggressive, I can push them past 200%) Pretty sad! But also, safe.
