Wednesday, September 28, 2005
All Cash
For some reason, starting yesterday i felt like the market was not going the right way. There are a lot of bad signals - rising interest rates, inflated real estate market, rising energy costs and slowing economic activity.
This is an impulse decision, but i decided to get into all cash. I exited all my positions in stocks (except yhoo). I don't foresee me getting into any US stock unless something changes. I am looking at india, china, and europe for any good ADRs for possible investment.
Comments:
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yes, greenspan called me. In all seriousness, I don't know greenspan personally, and I don't know which Fisher you are referring to. In any case, as i indicated it was a gut/impulse decision.
Unfortunately, I have been on sidelines.
CRM up >8$/share
NFLX up >5$/share
AQNT up >7$/share
GOOG up >120$/share
pretty sad. But there will be other victories....
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CRM up >8$/share
NFLX up >5$/share
AQNT up >7$/share
GOOG up >120$/share
pretty sad. But there will be other victories....