Jay Hancock's blog: Timing - Business news: Stock markets, banks and economic observations with columnist Jay Hancock

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May 6, 2010

Timing

Barry Ritholtz had accounts in 100 percent cash as of yesterday. One reason: "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," he said on his blog.

A rally is obviously not what's happening. Nevertheless, I highly doubt he's unhappy to be holding cash.

Posted by Jay Hancock at 3:43 PM | Permalink | Comments (0)
Categories: Finance

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter