Out of Stock

We are passengers in time
Lost in motion, locked together
Day and night by trick of light
I must take another journey
--The Fixx

Have jettisoned nearly all remaining equity exposure today, keeping just a sliver of CSCO on the books (which will likely be for sale should we march higher). May be way wrong but, as I see it, 'quack count' increasing for a meaningful pullback.

The counter argument, of course, is that stocks are floating higher on an ocean of liquidity that likely won't end soon.

As such, I've rolled some of the proceeds into CEF, my current 'paper precious metals' vehicle of choice. Will continue to do so.

Relative value of gold versus stocks appears pretty attractive right here given the situation.

positions in CSCO, CEF, SPX