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TME with the data.
Maybe just take some risk off the table
Nobody ever rings a bell at the top. But when retail is buying with both hands, fund managers are max long, cash levels trigger sell signals and valuations eclipse the dot-com era, maybe the smartest trade before boarding the plane is selling just a little.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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