Remain Cautious!

The party can always end.... Suddenly!!!

The market has been doing very well for the past few months.  That is great and everyone should be making money.  Earnings season has been good, unemployment numbers have been good and there has been a reasonably good news from Greece and Europe.  P/Es are expanding and going higher and higher as the averages trade higher.

There are some storms on the horizon though.  Iran and high gasoline prices, the U.S. Presidential elections, and any number of as yet unknown factors can move the market down sharply at any time.  Make sure to remain disciplined in good times.  Take profits, protect your unrealized gains and above all else remain wary and keep doing your homework!!!