The major indexes continued to hit new highs late in the week. The DJIA hit 29,000 for the first time which got some play in the general press. On Friday there was a softening late in trading. Additionally we've been mildly concerned that complacency has grown.
It would not be a surprise if we pulled back from these highs for a breather. We've been on a tear since mid-October.
We're still invested fully but prepared to raise some cash now if the market begins adding distribution days.
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