My thoughts are that we've had it good for quite some time. We've had a long term bull ride and even though the market is trading at a reasonable multiple on FY08 projected earnings, I'm concerned that we may have a 5-7% correction. I know that in the long run a slight correction would be healthy, but never the less it's a concern.
I have thought about moving some money to bonds come April for the reasons stated above as well as the market over the past several years seems to give back all the gains of the first quarter in the April to September period.
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