Friday, February 17, 2017

Not Feeling the Love of New Highs

Yesterday, the Dow had sixth day of setting a record high.  Wednesday marked the fifth day in a row tht all the major indices closed at a record high at the same time.    This has not happened since 1992.

I should be ecstatic, but I'm not.    Although our accounts are at or near all time highs, individual stock performance is very mixed.   Some stocks are near 52 week highs, while other are near 52 week lows. It's very discomforting to have this bimodal performance.  I don't feel this market advance is sustainable.

So I am selling some investments and raising cash.    We will put the funds back into the economy by spending them on home improvements and a vacation.  For now, I feel these options feel will get a better return on our retirement savings than being invested in the stock market :-)

For more on Reaping the Rewards, check back Fridays for a new segment.

This is not financial or retirement advice. Please consult a professional advisor.

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