Folks, now is not the time to be getting aggressive in the markets. We are still in 85% cash waiting for the global picture to improve. But there are some cheap bargains out there, I believe. So we pulled the trigger on RIG today. Of all the energy names out there, RIG is cheap compared to its peers and is cheap, period. Picking through the rubble in bad times and keeping your positions small is the only way to beat the markets long-term, unless you are a genius and can truly predict future inflation, growth, etc. News flash: no one can. Not even the Fed. A rising tide brings up all ships. So, until that day comes (which it will, and you can then make money by throwing darts at a board), we are staying put on the sidelines.
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