The market’s correction has strengthened in a big way during the past week; the major indexes have cascaded while just about every stock and sector has come under pressures. And our market timing indicators reflect this: our Cabot Tides are clearly negative, and now our longer-term Cabot Trend Lines are threatening to turn negative as well. Bottom line, you should be defensive. In the Model Portfolio, our latest sale was IAC Corp. last week, and we are now sitting on a 55% cash position.
