Wednesday, February 18, 2009

100% Cash

Not entirely 100% because I have literally a couple here and there, but I'm pretty much out, ready to sit this one out. Now, a smarter risk taker would short the right ones. But that's not me. Unfortunately. Finally, after a big down day, IBD says move to cash. What's the use of being a pro outfit if you can't tell your customers ahead of time?

I admire RBS who told their customers to move to cash last year. Sure, they're worthless now, but atleast they put their customers' interests first.

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