Still concerned about market

image0n July 27th I posted (scroll down)that I believed we were finally in the beginning of the long awaited correction and as such, held the highest cash position in years. Although we nibbled ( now in 90% cash down from 100)  in what we considered panic selling last week,we continue to believe risk aversion is warranted. With the historically worst month of the year in front of us, our red flag remains.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s