Posted on 08/16/2009 12:51:39 PM PDT by spyone
Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears.
(Excerpt) Read more at telegraph.co.uk ...
Kind of blows the perfect information theory all to bits, doesn’t it?
The info is perfect, but the punters interpreting it represent a wide range of mental abilities.
I’m taking some money off the table for deployment later.
August is generally a good month to be out of the market anyway. All the big money is sitting on Martha’s Vineyard enjoying a vacation.
The outlook still isn’t good and any day we will wake up to more foreclosurers, commercial realestate gone bad, and a raft of banks being closed.
I usually take a break from investing in the summer..so all my money is in cash right now.
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