Smart Strategy In Rising markets-Part 2

In times of extreme turbulance, hightened volatility, nervousness, tremendous uncertainity over extent of crisis that have caused panic selling in markets like we have at present due to mess in U.S. subprime mortgage market where investors don't know the extent to which this crisis is affecting the overal health of financial system, it's very prudent to be in cash since events like these can provide excellent long term buying oppurtunities once the dust settles down and markets have discounted totally all the bad news.