the most important thing during an accumulation is to not get overextended in case of a prolonged downturn, like we've had over the last year.

i've consistently said i have no debt, have real estate, and have a self owned highly profitable business that allows me the diversification and peace of mind to not get shaken out.  this bull mkt is vicious and has already shaken off most of its original bulls including guys like tvbcof (to whatever degree he will admit).