90% Cash?
Brad: You seem to have a pretty good grasp on the fundamentals underlying recent energy market trends, yet you also say you have 90% cash and are sleeping well. I must admit that I don't understand that mentality. Why not take a position -- bullish, bearish, short term, long term, energy, precious metals, financials, cyclicals, treasuries, or "prudently" hedged (however you define that term) -- and simply put some money at risk? Sitting on the sidelines only ensures that you preserve your capital. It doesn't make you more money.
Although I don't always agree with some of the contrarian viewpoints on this thread, for the most part, the persons espousing such views at least show the courage of their convictions and keeps some skin in the game. Whether I agree with their opinions or not, I have to respect their ability to act upon their convictions.
Perhaps you can help me understand the recent trend towards investors going to high cash positions despite what appears to be pretty clear momentum trends (both positive and negative) influencing both the capital and energy markets?
Thanks in advance for your response.
Respectfully,
Razor |
