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?
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