Friday, September 18, 2009

I'm not cashing out, but I'm not buying either

I've written about how I think that this is a sucker's rally several times. I'm stacking cash and waiting for some new bargains to emerge. When I look 52-week lows, there's not a whole to show for it. In fact, I ran MSN's 52-week low power search and two names came up, Tamura Corp.(TMURF) and Volkswagen AG (VLKAF). Neither of these companies interests me. In the meatime, I'll be happy to pile up some cash. In fact, I may take a break from following the market for a few days. That way, I won't be tempted to do something stupid out of boredom.

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