Cynical observations

posted by
May 24, 2011
Daily Speculations
by Jack Tierney  
Posted in Commentary

"Listening to CNBC I discovered that my substantial cash hoard existed not out of sound judgment, but was a residual effect of the beating the market has taken twice over the last decade. Once I, and others like me, shook this fear the market would skyrocket. Although I still hold substantial amounts of cash, the 'others' jumped in and have powered the market higher. Same CNBC individuals now classified this development as the result of 'the dumb money' moving in and, hence, a good time to 'take something off the table.' Dumb when you're in and dumb when you're out -- can't win." (05/24/11)  

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