Bolling: Obamanomically Correct

The rest of the portfolio remains very liquid. Short-term T-Bills and cash mutual funds stay ready for implementation when the market shows signs of recovering. I am in no hurry as the inauguration on Jan. 20 needs to pass before any substantial market calls are going to materialize. Missing the bottom is OK, while buying into another meltdown defeats the purpose of investing. The best trading advice I can give you is to sit out this volatile sea change as we look for opportunity to make and/or save money. There are always pearls in a bed of oysters but now is not the time to be aggressively buying oysters (most are clams, lately).

The first column I wrote (on May 5) I was sitting on my deck at the shore. I have to note that as I write this (Sunday, Nov. 9) it is 60 degrees, sunny and I absolutely love the fact that I am writing this column from a sun-drenched deck overlooking the Atlantic Ocean. It is a beautiful day and I am taking the day to write, appreciate the view, and appreciate my family. I have the gut feeling that the market will be a traders market again, sooner or later. Right now is a time of capital preservation. There will be a time to invest more aggressively, but not yet, in my humble opinion.

Until then, trade with your head, not over it.

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Know What You Own: Bolling mentions the U.S. Oil Fund ETF. Other oil companies that may be affected by oil are ConocoPhillips (COP Quote), ExxonMobil (XOM Quote), Chevron (CVX Quote), BP (BP Quote) and Transocean (RIG Quote).