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Wednesday, Mar 6

Be Careful

The stock market as measured by the Dow Jones Industrial Average hit a new high yesterday. The S&P 500 and the Nasdaq averages remain below their previously set highs. There has been a lot of talk, including a lead article in Barrons this week, of investment managers bringing their clients' money out of bonds into stocks. This is nearly always a danger sign, especially if you have been on the sidelines waiting for an entry point into stocks. If it takes a new market high to get you off the sidelines you probably don't need to be in stocks at