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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: MrGreenJeans who wrote (5116)5/23/1998 3:53:00 PM
From: MrGreenJeans  Read Replies (1) of 42834
 
Survey Response

Me: Partially invested-taking money off the table, taking profits, because the market is priced to perfection-being cautious

This market seems to be priced to perfection so I have changed my own allocation after many, many years from a 95% equity exposure to a 66.50% equity exposure. I have done this only in tax deferred accounts, no tax implications, and if I am wrong I will jump right back into a fully invested position.

I have a great deal of trouble buying the index when price earnings ratio are ranging from 23 to 23.5 times. I believe the valuations are out of line-priced at nirvana- and rising federal reserve rates or a whiff of inflation may see the pe change for the worse.

Quite frankly I am surprised that more people are not taking significant profits. I made a bundle b/w the January 12th Brinker call and the end of March. I had a great year in those 2.5 months. I figure by nailing down those significant profits I cannot go wrong no matter what happens. I have also been reading Grove's book too closely and I am trying to act earlier, in terms of taking profits, rather than later when they may evaporate and everyone is charging towards the door.
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