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Growth Investor
Helping Investors Build Wealth Since 1970

No Man’s Land

The market remains in no-man’s land, with most major indexes chopping sideways during the past couple of months. And that’s filtering down to individual stocks; while there are pockets of strength (energy, commodity and defensive stocks), few names are pushing persistently higher. That’s the main reason we’re still in a defensive stance—in fact, our cash position has grown to a large 66%.