Wednesday, May 19, 2010
Still in 100% cash!
I continue to remain firmly seated on my hands in this nasty volatile market. The market's weakness from yesterday continues today. I am only seeing a handful of stocks with outstanding fundamentals holding up against this weakness. Most leaders are breaking down on heavy volume. If the selling does not end soon many more leading stocks will collapse. So the best course of action right now if you are not comfortable shorting stocks is to remain 100% in cash until we start seeing signs of a market bottom.