Flattening Out

Into the bell, I reduced overall exposure in my portfolio inside 12631. I am very heavy cash again, especially when it comes to exposure in equities. The market has an eerily slow feeling to it, perhaps reeking of complacency and a false sense of security in CAT CSCO IBM, etc. However, bulls remain resilient and spirited in terms of not permitting the S&P to breakdown.

I will discuss that and more in my video market recap after the bell.

See you there.