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It is a great relief to be 100% cash and watch the market sink lower and lower. It’s sort of like watching a plane crash in TV. You feel for the victims, but you’re very happy you’re not on that plane.
Mind you, my being 100% cash no great guessing on my part. It’s just using very tight stop loss points and the market has put me in cash without my having to make the decision.
Posted by Ted at March 15, 2004 8:21 PM