NEW YORK ( TheStreet) -- It seems to be fashionable these days for investors to say "I am sitting in cash right now." It is almost like a badge of honor. Such investors look a little big foolish on the big up days in the market, but feel vindicated on the days that the market is down.Unfortunately, many have missed the doubling of the market since 2009 and, more recently, the 35% run-up from October of last year, until April of this year. As I watch the market on a daily basis, I see many of my biggest positions continuing to hit new highs. Additionally, I see fresh, new breakouts on very high-quality stocks. Yet, I hear it all of the time: "I am sitting in cash!"
Why Are You Sitting in Cash?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts