Doug Kass says the liquidity rally is over. Byron Wien says the Disbelievers have doubted this rally the whole way up, and there is no reason to give them the benefit of the doubt.
Me? I have no clue. As Q2 began, we rebalanced back to our model portfolio, which involved shaving some equity off and adding fixed income exposure. After that, we then took a little more equity exposure off — but less than 10%.
What do you think? Are we due for a shellacking, or is this merely some digestion after a blistering first quarter?
~~~
What say ye?
What's been said:
Discussions found on the web: