Grab profits? Market correction?

It is so unclear whether the market is going to correct or not. Tepper traders are still hopeful that the market will soar to 1200.

However, a few bunch of guys think that this is over played, and they are keen to take profits here. It is risky to go long on any stock when the S&P and DOW are at elevated levels. The DOW could still correct to 10500 and that will send many people panicking.

It is wiser to hold cash.

Here’s a famous saying:

“The best way to double your money is to fold it over once and keep it in your pocket.”