Everything is Green!

Here it is, 10:17am NY time, and everything on my screen is green. Given the run-up in prices, thoughts turn to a runner of a different type. After a long and successful run, an athlete must rest. The market is in many ways no different as buyers have to reassess and recommitt; sellers have to reload. There is little doubt from my perspective that the market has a great deal of upside from these levels however, portfolio management is a must. Now is the time to pare back on some outsized growth and reduce large overweights while keeping an eye on the health of the rest of the portfolio. If this proves wrong and the market soars we will miss out on little. If right, it could add a little spice as we'll be in shape for the next rebalance.

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