I've been waiting for the inflection point and I have found it. With this entry I am covering all existing shorts and deploying cash in a major why. I want to be long banks, financials, technology, homebuilders, transportation and consumer stocks. I want to be short oil. To get there I will be buying additional shares of existing holdings in my portfolio and adding a few new etf's to increase diversification. The new holdings are the ProShares UltraShort Oil and Gas (DUG), PowerShares WilderHill Clean Energy (PBW), and IShares Transportation (IYT). My decision to keep 70% of my portfolio in cash has served me well this year, but now it is time to take some risk. There is way too much fear in the market. It has been my experience that big gains are to be had at times such as this. I'm putting on a brave face and deploying my cash.

Jamie Dlugosch
The Rational Investor

Comments: View Comments |  Tuesday July 22, 2008  |  Stocks: DUG, IYT, PBW,