Time to change course a bit

On May 1st, I wrote here that it was time to buy stocks again. I credit lady luck with most of the hard work, but the timing could not have been more accurate.

As I read various features over this past week, I realize that the sentiment is exactly the opposite now, with not a single cautious voice around!

What does that mean ? I have realigned by 401K to switch out of S&P 500 and into bonds and international/mid-cap value stocks. I will continue investing personally in takeover targets as before since that activity is essentially market-independent.