an tSionna {04.04.13}

I was a bit of a seller today.  Lightened up a bit more on our European ETFs among other things..  This of course was dependent on investment strategies and client risk/reward perimeters.  Market is still over bought and our indicators have deteriorated somewhat over the past week or so.  Having a little more cash on the books makes some sense to us at this point given the move stocks have made since the beginning of the year.  

Then there's that seasonal thing........

*Long ETFs related to the S&P 500 in client and personal accounts.  Please note that actions we  may discuss about client accounts in the context of this blog are based on our intimate knowledge of our clients' risk/reward perimeters.  This is not a recommendation to buy or sell for investors we do not know.