"Don't be afraid of cash when things are too high" is what I've said for a long
time but I'm rethinking it as I watch the cash get worth less and less as the
dollar falls. We're holding too much cash right now.
Nice little pullback here, I'm looking myself. I'm looking for some more
good buys to pick up now myself, especially since I think the oil related
stocks are over priced and I may cut back. The Egypt thing hasn't destroyed any
infrastructure so the oil should start flowing again soon. It seems very
unlikely that whoever takes power would want to quit selling oil.
I do expect lower prices before the year's over though, probability - high.
Fri Feb 25, 2011 7:38 am
