In corporate news Ford Motor is in talks to sell its Volvo unit, the culmination of a prescient multiyear strategy to raise cash and to concentrate on its core American brands.
Back in February, my suggested strategy was to raise cash to at least 50% focusing on stocks trading at all time highs, 52-week highs or year-to-date highs.
In this environment the prudent investment strategy is to raise cash on additional market strength even as the major averages trade to new multi-year highs and all time highs.