I read this article on last Wednesday's Business Times and thought that this is a great article to share with everyone. Given that the market has risen for the past 3-4 years, there are lesser and lesser bargains in the market. When there are lesser opportunity to invest money, probably a good way is to hold on to cash. Though the cash is not earning any returns while it sits idle, it would come in real handy when the market retreat and bargains start to surface Below is the article from Norm Alster. JITTERY investors see danger in every market thrust upward. For them, soaring stocks aren’t confirmation that the future looks bright. Sustained market gains seem more like evidence that optimism has been hijacked by delusion and greed, and due in time to be exposed and reversed.
With the Standard & Poor’s 500-stock index up almost 18 percent (Read more...)
