FYI: The stock market extended its winning streak to nine months in July, as it advanced another 2.06%, driven high by such leading stocks and Dow Jones Industrial stocks as Microsoft (MSFT) and Visa (V) as well as tech leader Priceline (PCLN). U.S. diversified stock mutual funds tacked on 1.46% on average. But — looking ahead — some investors have begun to take defensive steps at the margins of their portfolios, wondering how long the run-up can dodge such perils as in
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/some-investors-turn-more-defensive-even-as-market-rises-again/