“Bull markets are like sex. It feels best right before it ends.” – Warren Buffett (I believe this was originally said by Barton Biggs)
I was bored the other day and started pulling up charts of the Dow Jones Industrial Average on my phone. 1 week. 1 month. 1 year. 2 years. etc. They all pretty much look like the 1 year chart above.
For the last week I’ve been selling some stock on the theory that the markets currently feel … well, really good. I mean, REALLY good.
Everyday I sell a little bit. Then the market continues to go up, and I feel like a complete idiot for selling anything. The next day the process is repeated.
I still hold some investments, but I sleep better with some cash on the sidelines.
That’s it. No technical analysis. No fundamental analysis.
I just want some cash so I sleep better at night.
