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I must be between panic and capitulation. It's not so much the market, but rather the politics. I just don't have much faith that they will extend the long term capital gains rates among other things like running the economy straight off the cliff this time.

At the start of the year I was about 99% equities. Last week at this time, I was 90% equities and 10% cash. Today I am about 50% equities and 50% cash. I am planning to go to 20% equities and 80% cash by the end of the month.

Stocks sold this year:
Amerigroup (Thanks to Wellpoint)
AT&T (Thanks to Apple)
Costco ($100 a share really?)
Thermo Fisher

Stocks on the chopping block:
VF Corp
Xcel Energy

Stocks that I am keeping for now (maybe)
Eaton Vance
Bank of America
Brooks Automation
Occidental Petroleum
Rockwell Collins

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