Indulge me for a minute, if you will. You see, I have three sons – and each and every night when they were too young to read for themselves, my wife and I read them a bedtime story. We are still doing it with the youngest. One of my favorite books to read to them has been Dr. Seuss’s The Places You’ll Go. I always liked the message of the story, and it was written in such a way that it makes sense even to toddlers.
At one point in the story, there’s a warning about getting confused, losing your way, and winding up in the Waiting Place. The Waiting Place is full of people just waiting. “Waiting for a train to go / or a bus to come, or a plane to go / or the mail to come, or the rain to go…” And so forth.
But a waiting place isn’t necessarily a bad place to be. Especially when it comes to your investments. Right now, I feel like I am in a waiting place. Going through my charts each morning, I am finding it difficult to find trades that I am willing to send to my K.I.S.S. investment service subscribers. My gut tells me that we are about to see a huge rally in the overall market – and with the number of stocks that are oversold, it is difficult to recommend put positions right now.
So I will just wait patiently until I see a clear signal. Sometimes being in cash is the best place to be.
[Ed. Note: Wait it out - but you have to be ready to take action when the moment strikes. There are going to be some incredible opportunities out there, and market analyst Rick Pendergraft has put together an educational program that lays out the simple steps you need to take advantage of them. Not only do you get three months of Rick's best recommendations, you also learn how to make good investment choices yourself. Get the details here.]
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