My mistake? Yep, when I was calling the shots for Slick Clinton, Bushy Jr. and Barry I mistakenly counseled them to do this. Mea Culpa. Where the heck is my billion dollar share of the ill gotten gains. I bet Slick won’t even take my call anymore.
Politicians are like the weather, a workaround (coat or shorts). Eventually I learned to be aggressive when everyone else isn’t, and to be more conservative as everyone gets more aggressive. I was 50% in T-Bills a year ago and 75% in them yesterday. Yesterday I was buying (nibbling) while everyone was selling.
Funny thing about stocks. When everyone freaking out has sold, they have no stocks left to sell and stocks start going up again.