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Cash Is for Winners
Editor's note: As a special bonus to TheStreet.com readers, we will be running an updated version of Jim Cramer's "Twenty-Five Rules of Investing," from his latest book, Real Money: Sane Investing in an Insane World. Here's Rule 12.
The aversion to cash in this business breaks my heart. Sometimes cash is such a perfect investment that it drives me crazy how few people ever recommend it. Nah, they hate the market so they are only 95% long instead of 100%. Or, they think the market stinks, so they decide to short a few highfliers against their longs.
No, No, No!
You don't like any sectors? Sell everything and go into cash, don't short Advanced Micro Devices(AMD Quote) vs. Intel(INTC Quote) or Nortel(NT Quote) vs. Lucent(LU Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,462.21 | 1,107.75 | 2,173.90 | 32.40 |
Oil *
79.39
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UP
117.37
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UP
12.12
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UP
29.30
|
UP
0.39
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10 Yr
3.24%
SPDR Gold
117.72
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+1.13%
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+1.11%
|
+1.37%
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+1.22%
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