A couple weeks ago Altria (MO) spun off Kraft (KFT). I owned so MO at that time so I was entitled to 17 shares of the newly solo Kraft. I held the stock for those next two weeks and watched it rise a few percent and then Friday I put in a limit order to sell my 17 shares. It was executed and now I am free to use that cash for my next purchase.
More and more data comes out saying that we are due for a larger hit to the stock market than the February 27 one. The rest of the economy is supposed to take a hit as well. Moreover, polls show that this is the mood in America as well. This does not bode well for stock investors because no matter perceived or real, the market is more apt to take a hit if people think it will.
Therefore, I might keep this money on the sidelines for a while to see what happens, but I doubt I will because I am still bullish.