Why?
Stocks are on sale!! This is the chance of a lifetime!
Yep, I’ve moved from 60% cash to ~24% in the last week. I’ve been holding that cash for over two years waiting for the pre-election, Soros-driven downturn.
I have a proprietary oversold indicator.
Prior to today the highest reading, ever, was 312/8.
Today: 428/0
I hate that cliche. Stocks are not pork chops. They do not go on sale. The stock prices reflect what most people think they are worth at this time believing that the economy is about to get worse. They are not a bargain. It's a bad idea to buy stocks the same way you buy sale items at the grocery store. They are different things.