when it appears that bond tapering will most likely be happening on September, or the latest, October. It may be wise to get out of all bonds, fixed income and REITs positions or at least reduce your current long positions significantly or add some shorts. Some said the effect of bond tapering had already be taken into bond prices, I beg to differ. Have you seen how fast TMV has been going up?
If you have a lot of longs including junk bond funds and REITs and with no shorts, you are much braver than me and I kowtow to you. I am the resident chicken BEAR and I will run fast than you can blink your eyes. I guess you must be thinking I was crazy when I transferred out of stocks and bonds into cash in my retirement accounts. I did tell you the only way in this type of market you can make money is by trading short ETFs. This is my type of market.
Get your CASH ready, there will be a lot of GOOD buys, but buy sparingly and buy with discipline (trying to remind myself), buy a few of your favorite stocks whenever the DOW drops 100-150 points, then you will fare well when the market bounce. I believe the market will bounce once the dust is settled. How long it will take, I absolutely have no idea. GLTA J