Take Your Money Off The Table NOW

Stocks are at all time highs. Remember, buy low sell high? Now is the time to take that advice.
The world is awash with bubbles. Last month legendary advisor and Dick Cheney’s banker Jeremy Grantham wrote: “Everything’s a bubble… from the junkiest bonds to mundane blue chips; it’s bubble time.
Because bubbles collapse, you must take your profits before they deflate. Bubbles produce feelings of false confidence, so most investors don’t. In April the Dow Industrials rose 19 out of 21 trading days. The last time that happened was in 1929.
When bubbles collapse, the drop is devastating. The 1929 bubble took nine years to reach a bottom. In 1938, the Dow finally landed 90% below its 1929 top. In 1953, the market was still down 75%. It is going to happen again and soon. The world is awash with credit and investments are leveraged as never before. The percentage of stocks bought on margin is now the same as it was in 1929.
Recently, Bloomberg News reported Blue Planet’s Worldwide Financials fund, the world’s best performing investment trust for the past three years, just sold most of its stocks predicting a 20% (or greater) decline in global stock markets.
Last year an investment advisory service cautioned “While there’s still money to be made, be sure to dance close to the door.” Sage advice, good times don’t last forever. It’s time to take your money off the table now. The good times are about to end.