The Case for Holding a Big Cash Position This Week

This week, I find myself in a bit of a quandary. As a rule, I dislike having a large cash position, but that is where I find myself right now. And try as I might, I can’t find anywhere to set it to work. To anyone trained in a dealing room, money is the tool you use to make money, so sitting on a lot of undeployed cash shows either a lack of imagination or just basic laziness. I would like to think that neither of those things apply to me, but I genuinely think that cash is not a bad option right now, even for an energy investor. Nor…