I went to 95% cash, and have some play money in COP, and waiting for a gold buy position. I subscribe to Chris J’s bond futures trading service. All my economic experts to which I subscribe, including the $350/year Yamamoto Forecast, are recommending 100% stocks.
If you want to keep a stock or commodities position, and are hands-on, you might like Zeal, a commodities research company that is followed by some of the smart people on this forum. Their luck so far is due to their early entry into commodities and oil, and I don’t know how they will do during the commodities sell-off during the recession.
The stock market is overvalued, and that is why it hasn’t moved. It was overpriced A LOT in 2000, and is simply overpriced now. Interesting you mention Graham in the same paragraph with overpriced stocks. Didn’t he teach value investing? Where do you find value today? It’s all overpriced…
I cashed out my Vanguard index funds, my Bill Miller mutual fund, my Rubio stock, etc. Kept BRK.B, bought COP. Like I said, just a little bit. Most of my money is in various CDs and in a money market that I must move to CDs. The money market is not FDIC insured, and when Fannie Mae blows up, the money market can be history too. Writing this reminded me I need to get rid of my Vanguard money market fund.
Cash can be CD, T bills. Why risk losing a big percentage in the stock market when cash pays 5.5%????
