I don't know about some of you guys, but over the last week or so I have been taking the chance to clear most of my positions and head back to the safety of cash, now standing at around 95%.
I recently got the feeling that the market was feeling toppy and due for another correction and judging by the action in the US overnight I might have got very lucky.
While the rampant speculation in the spec mining sector has created enormous wealth over the last couple of years (myself included) you just get the feeling that it maybe time to look at some more conservative investments.
With another 2 interest rate rises now well and truely on the table, some of the online savings accounts will likely be paying 6.75-7.25% which is a nice safe investment (although not really exciting)
be interested to hear peoples thoughts on the shorter term market outlook.