When enough is enough...

So unless you have been under a bus lately, you have noticed that all those November Blues are finally behind us. The market is back up to almost 13,800 from a low back in Nov of ~12,800. Most of this was due to the expectation that the fed lowers rates tomorrow. Ok, but then what? We are still seeing a lot of bad news come out of the banks, the projections for the housing market next year call for about a 12% correction (from the highs in 2006), oil is projected to go higher or stay around $90-$100 and people will be selling for tax reasons come the end of the year putting some pressure on the market. So let's assume that the market rides the news tomorrow to around 13,900 or even 14,000....the historical trend suggests that the market will fall back down and take another breather. So maybe it is time to lighten up a few of those holdings or at least set that trailing stop a little tighter on the ones we are worried about.