Kass: Preserve Precious Cash

This blog post originally appeared on RealMoney Silver on July 14 at 8:19 a.m. EDT.

On Monday morning, I awoke at around 2:00 a.m. EDT to see the DJIA futures down by about 45 points and the S&P 500 futures approximately 7 points lower.

By the end of Monday's trading, the DJIA rose by almost 200 points, and the S&P futures rallied by nearly 30 points from the nadir in premarket Monday morning trading.

There has been one constant in my columns over the last 15 months: The only true recommendation I have made is that below-average trading and investment positions should accompany the uncertainty of our economic times. ...