we need a quick correction. 5% would set things up quite nicely for a new up move. At this rate im a little concerned that if we march higher the next correction could wipe out most of the Jan gains. Jmho
moved our 401k to money market over the last month in 20-40k increments. Did the last 30k on Friday. no problem missing the next 5% up move if there is one. will buy back in at cheaper levels.
Time to take profits, smart money poured into this market 4 years ago, dumb money pouring in here.
There is no need to step back at all. The economy when at the bottom can only get better so having stocks priced higher is only fair. There is no need to wait to buy stocks after the fact. Only the smart people will succeed by buying early.