I am considering going 100% equities, given the Fed's announcement to keep going with the QE. At some point, the Fed will taper, but it's not going to be this month at least. Since I'm already long-term bullish and was only waiting for a chance to jump in, whether I get in now or later is a matter of preference and market timing. Since I stress out easily, I won't bother trying to time the markets.
All signals, regardless of what the current or past earnings climate is or has been, are pointing to higher stock prices in the next quarter. There is just no indication of a breakdown in the markets. Even the RSI was giving false indications of a breakdown, and if you sold based on that, well, you're not be participating in the new highs.
Once again, the Dow indexes prove to to be the leading indicators of stock market direction.
I guess we'll see what happens ...
R
