Interesting. Blogger and money manager Barry Ritholtz announced on his blog last night that he’s 100% in cash now. No exposure to the stock market.
Why should you listen to him?
In addition to being very smart, he also has chops as a market timer, having been bearish before the big crash, and bullish at the bottom.
Interestingly, he says he says this is purely a technical/market internals call. The Greece/EU situation has nothign to do with it.