The market appears to have reached a stage that entails staying defensive until a more difficult investment call is required. Should the current equity market correction deepen (talking before the recent rally), then the question is as follows:  “At that point, investors will need to decide whether the bear market has begun, or whether they have just been presented with one last great risk-on buying opportunity.”

So says Jim Paulsen of the Leuthold Group whicjh provides original analysis for the institutional marketplace the market talking of the US equity mkt.

Well I think notwithstanding the bounce, he’s right about defensive for now.