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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: MrGreenJeans who wrote (5942)7/14/1998 8:53:00 PM
From: Investor2  Read Replies (1) of 42834
 
Re: "Anyone share my concerns?" [about high valuation of S&P 500]

I'm continuing to lighten up on my equity holdings. I just sold a "dear old friend" large cap stock this week to bring my equity allocation to 70%. As the market continues to move up, I will continue to sell off my "overvalued" large cap stocks to maintain or slightly reduce my equity allocation.

I'll also have to start liquidating European mutual fund shares to keep the U.S./International equity balance, if the European market keeps moving up.

Best wishes,

I2
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