Especially when the bull market = Fed policy. The stock market is at all time highs but our dollar has been devaluated substantially with QE1, QE2 and the last couple of years of monetizing the debt with $85 billion/ month. BY implementing this policy and keeping the Fed exchange window open with basically zero interest rate, the non-lending banks have invested their cash in the market.

Holding long term works great with approval and launch. The question then becomes for me, do I try to time an exit or let it ride. The next 12 months should be very interesting.

Swing