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All-Star Manager Steve Romick Is Avoiding Stocks and Building Cash

January 17, 2014 | About:

It is hard being patient.  Especially when you are five years into a bull market.

But these are the times that it is important to start being cautious.

All-star fund manager Steve Romick of First Pacific Advisors (Trades, Portfolio) is saying that very few stocks are now meeting his risk/reward expectations.  Therefore he is not buying much, taking profits in other places and building up a cash warchest.

There will be better days for buying stocks ahead.  The only question is when that will be.

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