By Steve Blumenthal, CEO, CMG Capital Management Group
Last week Bill Gross and the former co-CIO of PIMCO, Mohamed El-Erian, were advising clients to lighten up on stocks. You may agree that these two people certainly have a passion for what they do. To that end, we all benefit.
I personally believe there is more run left in the equity market. Yet risk is high and I certainly don’t want to be left sitting on the tracks in front of an oncoming train. Stay nimble and alert. And remember while risk can be measured (high today due to high valuations), it is more difficult to time.