@sergeant...maybe the rush to cash is a sign of the smart fund manager ? After all, under performance is in the eye of the beholder. ! To underperform by being in cash, and to make 2%, is far better than losing 2% CVF is 74% in cash.....more than happy with that, sitting on that until they see a contrarian opportunity and pounce ! Sometimes the best buying opportunity is the one that comes to you, and one you dont have to go looking for......... Dont be in a rush, there is plenty of turbulence yet to come, especially in the small and microcap areas and there will be plenty of opportunities in the year to come. Remember, your default option should always be cash. Fund managers dont like holding cash, but are disciplined enough to do it when circumstances warrant.
Patience little grasshopper........
WMI Price at posting:
$1.26 Sentiment: Hold Disclosure: Held
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