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10/17/2008

Cash is Neutral

Phew. What a week. Again.

My biggest position by far is cash. I haven't done the math, but I'd say it's easily 80%. I have no strong point of view about what's going to happen next week. Some say a huge crash is going to happen. Others say we bottomed yesterday. I'm just going to keep my powder dry, for the most part, until some of the dust clears.

Please note I'm going to be doing a Spotlight Session with Tom Sosnoff at 5:00 EST (one hour after the close). I am completely exhausted, so I imagine a post might not come until this weekend.

I want to say again thank you to everyone who voted for this blog and garnered Slope the coveted top spot. Now that I can see the vote tallies, ummm, it was a bit of overkill, since we had about three times as many votes as the second place winner. But I'm  not complaining! Again, thank you so much.

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