I have been busy closing out a lot of positions for small profit and gains as well as some nice profits. I am now in 60% cash and waiting for more expirations in September to bring me up to 70% cash. My feeling is that we need a correction and if the number on Friday is a big one we could get a taper tantrum in the bond market. We are also faced with the north Korea problem and don’t see a solution that one either. Timing is everything and I may be wrong but I am willing to wait until November to see how this plays out.