Opmerkelijk blogpost op de blogsite van Barry Ritholtz: ‘The Big Picture’. De blogger en money manager kondigde aan dat hij momenteel 100% in cash zit. Een interessant gegeven aangezien Barry negatief voor de crash van 2008/2009, en terug bullish werd op de bodem. Zijn redenen zijn inmiddels geupdate: 1) Greece/EU had nothing to do with our tactical rebalancing. 2) This was strictly a technical call — market internals, sentiment, duration of rally, volume were amongst the factors that came in. 3) This is not an end of primary trend expectation — rather, it is looking at the potential of a  secondary trend. 4) Ideally, if we get lucky, we will see a rally over the next week, with deteriorating characteristics — that sets up a better entry for shorting new positions. 5) We had a very good Q1 with a handful of strong positions — EK, MGM NYT, THOR, C — so some of the thinking behind our move was locking in a profitable 1st half of the year. We can now look be very selective in identifying trading opportunities. 6) We are now concentrating on screening and identifying new short ideas . . .