Wednesday, July 21, 2010

No Place Like $Cash

There is no reason to be a hero in the market.  Essentially the only reason to hold positions is to bet on the outcome of an earnings report.  Besides that, there are almost no good reasons to own stocks right now.  Everything is wide and loose and failing by the day.  Sellers are using good news to sell and bad news to sell.  Not the type of enviroment long positions thrive in.  Best to be patient and wait for the next opportunity to setup.
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