capharnaumthanks for the quick concise reply
i agree with you that manu (and i believe most of corporate cda) is in fairly good shape fundamentally
personally in the short term, i believe emotions will continue to trump common sense and therefore have sold many wonderful companies and am simply sitting on cash (60%) as i feel a potential 10 - 20% best case scenario is offset by the potential short term catastrophic downside
always been a long term investor, yet have chosen to believe that the macro problems will outweigh the fundamentals for a period of time to come
hope i am wrong