Eric Bolling Still in Cash ~ market folly

Thursday, October 23, 2008

Eric Bolling Still in Cash

Well known trader Eric Bolling just posted up another update over at and basically, he's not doing much of anything. Here's an excerpt,

"In the meantime, I have been careful in my own portfolio. I have been tempted to add to an already razor-thin risk portfolio. As you know, I am heavily in Treasury bills. I am also in New Jersey state bonds and cash. Less than 5% is at risk in equities and being a trader I am looking for trades. There have been some that looked enticing as "cheap" but I have held off as the market continues to act irrationally. Good, cheap stocks are getting hit hard or harder than high-risk stocks. My gut is telling me that the day to implement cash is approaching but I would rather miss the first leg up than to catch another leg down in a bad position."

You can read the rest of his article here (although it doesn't have a whole lot to do with the markets).

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