I took advantage of the latest rally and sold all of my shares:
Tesco, Royal Dutch Shell, Dana petroleum and BAE.

I do feel that this current rally is more like wishful thinking than a real turning point. Yes the media has lost interest in the current recces ion and they are already looking for green shoots, but I honestly believe that the problems are still here. Central banks all over the world give free money (0% interest rate) and these was the reason why we had the global crises in the beginning. Money was very cheap in the last 6 years and it is very cheap now.

This will take inflation to rocket high and although it is very good to my mortgage is not very good for the economy. And I also feel that something has been changed with people. They don’t happy to spend as they used to. You see less people taking flights or buying new cars.

So I may be wrong and the rally will continue over the next month, but I feel that it is better for me to protect my profits and sit on the fence for a while.