Uneasy Feeling

I have told you that I bought a little stock yesterday for clients and I will be buying several names this week across the board to re-equitize some of the cash I have been sitting on. The S+P 500 rallied through its 200 DMA and its downtrend line. This type of action means, to me, that there is no longer a problem with demand for stocks. Historically it has not been wise to out guess this type of action but I am moving slowly.

The reason I have titled this piece Uneasy Feeling is because so many "smart people" seem to be on the same side of the trade. How often does consensus get it right? Not very. Gulp.

This is a good lesson for me. Over time, my approach works very well, which is why I won't try to out smart the market on these types of things. I am increasing volatility a little bit but will continue to overweight low beta high yielding names for the portfolio.