For now, we continue to believe that this is an overdue correction in a bull market. But with stimulus slowly being drained from the system, and growing concerns over the debt situation in Europe, we are staying on our toes and looking for any sign that this correction is devolving into something worse. In other words, we’re in “watch & wait” mode right now. While not the most exciting strategy, it’s occasionally a necessary one, as we search for some clarity on how these events may play out.
