When it comes to your portfolio, it's all about timing, said Sani Hamid director of wealth management economy and market strategy at Financial Alliance. With equities slowly approaching the overweight mark, you have to look for the signs on when to get out, he added.
"At this particular time we do see equity markets rising further--10 percent, 15 percent, 20 percent," Hamid said.
But with the Dow heading above 12,000 and the S&P going to 1,300, Hamid saw this as a signal to be cautious.
"If we get indications that people on the sidelines, the retail places, have started to move in, that's the signal to us to become very cautious."