Dow Passes 11,500, Hits Fresh 6-Year High

I have been exclusively in the following general areas for some time

Diversified Emerging Market Funds (ODMAX, GTDCX are two I have held)
Foreign Stock Funds
Natural Resources Funds
Some Small Cap Funds (BCAIX has been worthwhile)

I have been pulling back on Small Caps and moving towards MidCaps and
LargeCaps. Internationals still have a way to run I believe and the
trend is very strong on them recently.

(BARAX has been ok)

I was in two Real Estate Funds but have sold off most of that. They
really had a wonderful run for quite some time though. They were down
for past couple weeks with rebound end of this week but I am out of
that for now. Took that money and ran.

The markets have been very good for recent months and lot of
opportunities. However, need to look at where to run fast in event of
problems. We could see some really bad things come from sustained
increase in energy prices and increases in interest rates (if they
occur). World is a very dangerous place and I am assuming we will
wake up one morning to horrible news that will shoot markets in the
ass hard. This week I have wondered if some tops are being hit and
did move take some profits off table in a few areas. Especially,
small caps.

They have been saying small caps will stop running for couple years
(hahaha) and I begin to think they are finally close to being right.

I have almost liquidated all my individual stocks in preference to
funds. Something I have been trying to do for long time. It is just
too much work to study individual companies and the guessing is too
problematic.