The market has finally succumbed to some selling pressures, and further retrenchment would be perfectly normal and, in our book, healthy. Whatever happens during the next week or two, you should remain focused on the big picture—all of our market timing indicators are positive, and thus, you should remain in a bullish frame of mind. We back up that thought on page 5, as we review just how much selling was done last year; taken with this year’s strong start, the sellers have run out of ammunition. We also talk about a few portfolio pitfalls to avoid on that page, to go along with our usual assortment of new ideas and our latest thoughts on our Model Portfolio stocks.
