Quote:
Originally Posted by McLovin
Not me.
IMO the effects of the economic destruction have not even remotely begun.
This market euphoria is highly irrational IMO.
The virus itself will prove to be much less deadly to the vast majority of Americans than was touted.
But the long term economic damage will be much more than is being touted.
Holding cash now and will wait for the big discounts (on real estate and stocks) to come.
It’ll take a while, though. I’m not even looking at the stock market daily anymore.
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I generally agree with all this. I moved 30% in to cash about a month ago on the way down... wondering if i should sell off some more after these recent gains.