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You know I'm bearish right now. I happen to be early, too – though it's looking more and more likely I won't be "early" for long.
The signs of a major move lower are everywhere. The big debt- and deficit-driven U.S. indexes are soaring; so are 10-year Treasury yields, back above 3%.
And most dangerous of all, the U.S. Federal Reserve is hell-bent on draining tens of billions of dollars – vital liquidity – out of the markets, month in, month out.
That makes this "twilight of the bull" the perfect time to build a cash position – both for protection and to have plenty on hand to get on board the inevitable violent market rallies that are the trademark of bear markets.
The thing is, there are lots of ways to add cash to your holdings: Interest-bearing insured bank accounts, certificates of deposit, and U.S. Treasuries.
So right now, I'm going to show you the safest, most cost-effective way to hold greenbacks…
About the Author
Financial Analyst, 50-year charting expert, finance + real estate pro, and market analyst; published and edited the Wall Street Examiner since 2000.