Why not stay in cash and wait for the markets to go much lower?
How much lower do you all expect it to go? Some folks though the bottom came in during the week of August 8th and retests were made on 8 19, 9 12 and especially yesterday.
My reply;
100% cash is a huge bet too. What if it doesn't go lower? Anyone can pick a target low 1100? 950? It is unlikely any single prediction would be correct. In the face of panic, buying a little makes sense but it may go lower the next week. In the face of euphoria it makes sense to sell a little but it may go up next week.
I try to mitigate the consequences of the times I am wrong which is why 100% cash is too big of a bet for me.
Just a reminder of a point I have made before.
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