Short Notes: Some Sales Today.

In keeping with our reasoning posted last month we made another round of sales in risk appropriate accounts today. {You can use this link as a portal for a series of posts on some of our market thoughts back then.}  This brings our cash in portfolios on average up to between 15 and 20% depending on investment style and client's risk/return profile.  We are still keeping a Net Market Negative rating.  You can click here  if you want a definition of what that term means.