The Contrarian

[aim hier]

We've had a nice run of almost daily gains. My portfolio values have swollen. I'm feeling like a genius. Past experience has taught me that this is a dangerous state of mind. I've raised some cash, and would look to raise more in the coming days. It's not that I'm predicting a stockmarket crash, it's that I think I see complacency in the marketplace, making it vulnerable to a crash if any of many possible catalysts materialize.

The biggest factor is my own mindset. Raising cash, gives me a chance to sit back, and view the landscape, take my time to discover my next investment opportunity. If the market continues to rise, I will profit, not just as much as if I had been fully invested. But should it correct even modestly, I'll be in good position to redeploy some capital.