Historically lot of market tops are made in Jan-March and lot of tops are made in Jan. P/E is very high(albeit this is a special situation) and P/B is around 4. Bull market corrections can be swift and harsh.
I am now out of 70% of direct equities. MF pf is more or less as is. I think I am comfortable. Now on the sidelines probably until PE closes in on 30 or so maybe and until I also get some buy signals from my system. I am not a pro-active seller usually - this time I am doing things differently. Been reading a lot. Let’s see how things turn out.