From Cabot Growth Investor
On an intermediate- to longer-term basis, the vast majority of evidence remains bullish—the major indexes and nearly all leaders are still in solid uptrends, and even most secondary measures (sentiment, breadth, etc.) look fine. We’re even seeing further unique, big-picture bullish evidence, too, which bodes well for the months ahead. (See more in our writeup later in this issue.) Until proven otherwise, then, we continue to think the next big move will be up and advise remaining in a heavily invested position.
That doesn’t necessarily mean you should stand still, though. As time passes, part of an investor’s job is to kick out stocks that aren’t performing up to snuff and put money to work in what look like true market leaders; remember, the goal isn’t to be right on every pick, but to make money overall, and you do that by emphasizing the positive.
Updated December 5, 2019 
