[quote=kev374]
Additionally, has anyone pulled out of the market and just kept in savings in anticipation of a crash?
.[/quote]
My son suggested I pull out last summer when we were having dinner in SF. I said hell no pedal to the metal. I was right, but now I’m getting very frightened.
One weekend in Sept I was lined up to go all cash when markets opened Tue (so mustve been holiday weekend), missed the opening bell and market started tanking so I changed my mind and stayed in figuring it was just a blip and I’d be selling at the bottom of the blip. Right again.
Now I’m worried that the market has already factored in a tax cut so (a) if the cut comes there is not much upside left, and (b) if the cut doesn’t go through folks will pull out and it’ll drop. Using that logic, and the chance something unpredicted and narly will happen, I’m again mulling pulling out.
That’s a hard hard thing to do when things are going up and up and up. Very hard. We shall see what I end up doing…
