The U.S. stock market has been showing a few signs of life recently, which is good. I hope the period of catastrophic declines we’ve been going through hasn’t hurt your portfolio too badly (although I suspect the pain has been pretty widespread). I have been telling the subscribers to the investment advisory I edit, Cabot China & Emerging Markets Report, to be more than 80% in cash for a while now. In fact, I sold the last stock from the Report’s portfolio on October 16. Before that, the Report had been cutting back steadily since July. It’s a message...
