Cash is King and the Stock Market is Toxic
October 24, 2008
For those who haven’t been paying attention to Big Wave Trading, we have been advocating anyone who is new to the market or anyone who hasn’t held onto a Monster Stock to be in 100% cash. Many, however, try to pick bottoms and continue to be wiped out. It is going to continue as many are not factoring in the global slowdown and what it’ll mean to overseas economies. Regardless, we have 1 chart when we should have MANY. This market is trash and will remain that way for awhile!
For the haters and the jealous, keep your trash out of here; especially Joey Fontone who told us we were idiots for being short and in cash. Joey said he was long the market, no Joey is swimming under water. Don’t be Joey.
MS
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