The market has begun its long-awaited correction, and at this point, all seems normal--the major indexes and leading stocks have taken hits, but remain above support. We think the next few days will be key; much further weakness could turn one or two of our market timing indicators negative and have us raising cash ... but renewed strength from here would be a bullish sign. As it stands, we are raising a bit of cash tonight by selling a piece of one of our winning stocks. But we’re sitting tight with our remaining names and letting the market tell us what our next move should be. Also in tonight’s Letter, we give you all our latest thoughts on our Model Portfolio stocks, as well as highlight some very resilient names on page 4. And we write about having a few slower, steadier stocks in your portfolio, and give you a few examples, on page 5. There’s plenty of information, so open up for all the details.
