PORTFOLIO UPDATE: TRIMMING THE FUZZ
During the trading day, I tweeted the following:
The last time I started the process of paring back my risk from a 100% invested position was on October 1st, 2012. At the time I had a very clear understanding of the risks the market faced. I made no qualms about expressing those fears to the chagrin of many readers who thought I was turning bearish way too early.
Fast forward just 3 months and I'm caught in the middle of fuzzy patch. Today's technical formation (I call it The Ron Jeremy) did absolutely nothing to absolve the fuzz. Gigantic bars on each and every important index. Runaway moves. Crashing volatility. I want to embrace it completely...but, I can't. I want to hate it totally...I can't do that either.
It really is a fuzzy point in the market for me, which is why I continue eyeing the 75% invested level as my comfort zone for the time being. I could be putting cash back to work as early as next week. One thing today's rally certainly accomplished is keeping the odds of my moving to anything below 75% invested rather slim for the remainder of January.
As of the close today, following today's act of trimming, portfolios look like this: WMIH, SPNS, PXLW, UPIP and PRXI.
