Yet, if you listened to the predictions of imminent collapse that are plentiful every day, while the market trends higher, you would have lost out on the great bull run since March 2009.
Stay long until the break occurs.
If the break is a pause that refreshes, get long again. If the break gains momentum and trends lower, get short or in cash.
Note the predictions of doom, but let that only serve to remind that you need a plan for when a sustained downturn occurs.
It is still sunny out there. Know where your rain gear is for when it rains, but you are foolish to wear a raincoat when it is not raining.
David Stockman: HERE