Why am I in 90% cash? Why is the market headed for another recession? Because look around people – what have you been doing with your money lately..saving! If the U.S. doesn’t spend we will not recover. Here is an interesting stat: 1/7 Americans are using food stamps. So, these are not literal bread lines like in the 1930’s but, virtually the same thing (yahoofinance). So with the cash we have raised on the strength in the past week, we are watching with sick pleasure as this market heads lower. Not surprisingly, the only thing up in the portfolio today was TNH! (Up 5% because of its’ 8% dividend).
Up 5% today
