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"You can get cautious, but never bearish," says Jeff Saut, holding plenty of cash as he awaits a...

"You can get cautious, but never bearish," says Jeff Saut, holding plenty of cash as he awaits a chance to buy the dip. Recognizing the investor need to do something when there isn't much to do, his advice is to recognize a lot of easy money has already been made and "do nothing and wait for a fatter pitch."
Comments (4)
  • Somebody is. Vix up 1% in a mkt that's up 1%
    26 Mar 2012, 01:51 PM Reply Like
  • They can keep talking the market higher but at some point, and it ain't too far off it's Kabooooom!!
    26 Mar 2012, 02:00 PM Reply Like
  • What happened to his 'stache? shaving it off must have been a pre-requisite for his entrance to perma-bull land...
    26 Mar 2012, 08:34 PM Reply Like
  • Well I was able to buy SPY today at a cost basis of 124.27 a share. I closed out my short put positions on SPY and used the premiums collected(realized profits) to buy a position in SPY. VIX was so low and when I sold my puts march 6 VIX was in the 20s.

     

    I see SPY touching 143-144 by next monday. Looking at the ES right now its pretty flat at 1415.38 with the EUR/USD printing at 1.33534
    26 Mar 2012, 09:59 PM Reply Like
DJIA (DIA) S&P 500 (SPY)