Stocks surge to a new high for the year, but one veteran editor bails out.
Well, "bailing out" is sort of a relative term for Growth Stock Outlook's octogenarian Charles Allmon. He's been 75% or more in cash since the Crash of 1987. (Well, it seemed like a Crash at the time.) But his remarkable stock-picking helped keep him a contender -- with, of course, some assistance from the Crash of 2008. (See April 30 column.).
http://www.marketwatch.com/m/story/1d00467a-5832-4a43-a638-89b1c767e0c2/0
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