Brooklyn Investor is a writer I followed on my RSS feed. Writes well but doesn’t write often and that suits him fine. A good piece recently  stating that based on the CAPE we are not in a very cheap state. [The Brooklyn Investor | Tapering, Market Overvaluation] If you are at the peak of CAPE should you sell all your stocks? If you tell these guys the market PE is expensive around 1966, these guys would probably shrugged their shoulders and continue finding good stocks. These guys got an EDGE. The question is as an active manager do you have that EDGE. What I find of great value add is the conclusion to the article:

So what to do?

• If you own individual stocks, review them and make sure you like them.  If you don’t, or aren’t sure, you’ll feel horrible when it goes down 30% or 50%....

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