Well known trader Eric Bolling just posted up another update over at TheStreet.com and basically, he's not doing much of anything. Here's an excerpt,
"In the meantime, I have been careful in my own portfolio. I have been tempted to add to an already razor-thin risk portfolio. As you know, I am heavily in Treasury bills. I am also in New Jersey state bonds and cash. Less than 5% is at risk in equities and being a trader I am looking for trades. There have been some that looked enticing as "cheap" but I have held off as the market continues to act irrationally. Good, cheap stocks are getting hit hard or harder than high-risk stocks. My gut is telling me that the day to implement cash is approaching but I would rather miss the first leg up than to catch another leg down in a bad position."
You can read the rest of his article here (although it doesn't have a whole lot to do with the markets).
