A few months back I published a post about my large cash position. That position has only continued to grow as I find it difficult to put on any new investments at these lofty prices. As I stated previously, I have no idea when the market will turn, all I know is I don’t want to be left holding the bag when it does. That’s not because I don’t think that over the long-term the prices will be higher, but rather because I believe there are much better prices ahead (like around the corner). I also believe that the opportunity cost of sitting on the sidelines (holding out for lower prices) is much lower at this stage in the bull market (now 6+ …
