Why not consider taking some profits off the table, before the tax man arrives next year? Taxes on capital gains and dividends are heading higher folks. Why not book some gains before the IRS grabs them?
I'm not suggesting that investors sell everything they own. But investors may want to seriously consider lightening their portfolios a bit. Take some profits on these mini-market rallies.
The Kudlow column doesn't mention Ralph Lauren, but that's the move he's talking about.