Is Cash King or Will October Stock Market Upswing?

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Markets are showing a continued retracement across almost all asset classes and have been throughout September. So, is now the time to lower your investment exposure to the stock market and hold more cash for future opportunities?

We are seeing the VIX (INDEXCBOE:VIX) volatility index remain at a price level 3 times the riskiness of just last year. This shows the complete absence of stability in markets. The Vix is remaining stable at those high levels, so its not indicating any type of panic is about to ensue but it’s definitely not saying everything is fine and dandy either.

Liquidity is leaving the entire system and not just rotating into other forms of investment vehicles, major hedge funds are taking profits and lowering their exposure in the run up to the election, the S&P 500 Index (INDEXSP:.INX) is trading below its 50-day moving average, and there has been an overall decrease in investor participation within the market…

So what does this mean for us, the retail investors?

Watch the full interview to see what our trading strategies are for the month of October.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.