Hi ancient,

I think ray is right on the timing aspect.

On the other hand, we do have the perspective of history on one thing:  The first year of a new presidential administration - EITHER party - is generally not good for the US stock market.  There have been a exceptions, sure, but for most of the modern era, the start of a completely new administration with a new president has generally meant (a) initial uncertainty, and (b) some pain as the government undertakes to distribute some tough medicine that it won't dare do in an election year. 

I would not be making any wholesale moves all in or all out based on any near term outlook, but I certainly think that some lightening up on any summer or fall rally would be prudent.  I plan on at least doing some "early rebalancing" and may well actually change my target allocations for a year or so (something I have done only on very rare occasions in the past.)

MWL