I've been telling some people close to me to go ahead and liquidate stock index and mutual fund positions they don't need for a super long time frame like 10 years plus. There's no reason I feel to hold gains that have been had since the March lows. The risk reward isn't there on many levels in my opinion. Valuations aren't priced for anything other than a quick recovery. We still don't know how sustainable this "shot" the government has given the economy will be. The operation may have been a success but the patient still could die.

I see all this and the negative price action in many indices and there isn't a good reason right now to sit on gains. I think any rally is a good selling opportunity. If it even comes...