Societe Generale: It's Time to Increase Cash and Reduce Your Risk

In a note out this morning, analysts at Societe Generale are telling their clients to increase cash and reduce their holdings of both equities and bonds.

The firm now recommends you put 11 percent of your portfolio into cash, up 4 percent from its previous level. This comes as worries mount over just how much further the bull market can run. One big reason for Societe Generale's change, is the growing difficulty in diversifying your portfolio given the increased correlation between asset classes. This is a concern others have raised as there are fewer options for investors to protect themselves from price swings.