mmoy,
Long-term interest rates flirted with 5% yesterday and it was a really, really good time to take profits. I went to cash in the morning and only purchased a little CEF later in the day.
I am having a little trouble understanding the time scale of your investment decisions. Ok, long term rates are around 5, and therefore you went to cash.
These things (interest rates) don't change like (April) weather.
Than, later that same afternoon you bought something. But just in the morning, it was good to be in cash...
Joe
Market Data 
Markets 
AI
