Hold on to your cash in a ‘Portnoy’ topsy-turvy market – The National

Hold on to your cash in a ‘Portnoy’ topsy-turvy market – The National

Hold on to your cash in a 'Portnoy' topsy-turvy market. In a world where Warren Buffett doesn't know what's coming next and a newbie investor is making worryingly high returns, approach investments with caution. "I don't know" - "The Portnoy Top" - "cash is priceless, but worth less".. Mr Cecchini refers to the "unholy speculative mix" that should keep investors out of stocks.. 1. 'Found money' - this is cash provided to people in the US by way of government relief cheques.. When you look at these three things, you can see how recent stock market behaviour could be due to a retail-driven rally largely unloved by, and worrying for, professionals.. Mr Portnoy, who has 1.5 million Twitter followers, slammed Mr Buffett in a tweet last week, claiming "when it comes to stocks he's washed up".. A historic 3 million new accounts registered on the platform during the first quarter, as stocks plunged in the fastest bear market on record.. Whether you believe the stock market rally is based on naive day-traders, or fundamentals, you can see why wading in appeals.. If you're in the fortunate position to have a stash of cash, you'd be forgiven for looking to the