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Cautious because thats when things tend to swim up and hit us out of nowhere but the reality is this. We see a fed thats accommodative, and a u. S. Economy thats finally responding so, to me, the market will likely continue a lot of its momentum and any pullbacks that should be bought. Charles heres the thing though, its one thing for the market to do what its been doing but the underlying economy seems to be gaining momentum. Certain areas in this economy, for instance the housing data weve seen recently. There are signs that Business Investment outside of these big factories could also start to pick up despite how long in the tooth this rally has been. Trials, last year on this very program it came on saying you need to divide the market, it was down 20 . I said then recession was not in actuality, it wouldnt happen. It didnt happen and its not going to happen. I will take a a more bearish not bearish but cautious route. What im telling my clients throughout this, protect your posses

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