I think it is highly probable we will get one more rally before the markets take a serious breather. I am flat the market with you can argue some negative beta slant via my long VIX.
I want to add to this position if we get another rally.
On the other hand I am reading an amazing book on Why Minsky Matters by Prof Randall. I will be writing more about this in coming weeks as I find the time to finish reading it and completing the TV series Sons of Anarchy which I have loved but want to finish already. The story line is too drawn out but I love it nonetheless.