By Porter Stansberry in the S&A Digest:

My take on the market? I think it's time to be cautious. I expect we'll see a pullback – 10% or so – at some point soon.

But I don't think we're going back down to the lows of last spring. Not anytime soon, at least. So you can put me in the new bull market camp along with Steve Sjuggerud. In fact, I told my readers to pile back in last November and we were buying throughout the trough.

We were a tad early. But on the whole, it's worked out quite well. I think as long as the Fed is printing money like there's no tomorrow, stocks and commodities will continue to go up. And I think that's going to keep happening for a long time....

Crux note: The S&A Digest comes free with a subscription to Porter Stansberry's Investment Advisory. In this month's edition, Porter is recommending a stock that he believes to be his best pick in three years. Shares will have to triple in order to reach their intrinsic value. To learn more, click here...

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