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The market is doing poorly. I continue to sit on the sidelines in wonderful liquid 100% cash. This is a good time to keep your powder dry and wait for better times – at least that’s my no so humble opinion.
I have a client that is an investment firm. They have gone from $12 billion under management to $8 billion under management. That’s a nasty hit.
Posted by Ted at May 17, 2004 8:31 PM