How About Some Good News? Manufacturing!

I know we're all worried about oil. Well, all of us except for Ben Bernanke. But there was some good news on manufacturing today.

Yes, manufacturing growing at it's fastest pace in 7 years!

So we do have some economic stuff out there that gives us reason to believe that things are improving. And if the Middle East turmoil settles down and oil prices relax, folks can return their focus on our economy.

As far as my thoughts, I remain nearly 100% invested, but in lower beta stuff since January 18th. Not trying to be a hero, just lowering risk and anticipating a correction that hasn't yet materialized, although it seems ever near, right?

My thoughts are that we are going to have a correction, some sideways action, and then resume the rally.

We shall see.