“but keep your optimism up Larry, I’m looking to cash out”
The weird thing is that this “sucker rally” is being advertised as such by people who are less naive than Kudlow. But the message is to jump in now because this is an opportunity to get your money back, so you sell before the real crash comes. It’s easy. All you will have to do is to get out before the other suckers do.
Everyone thinks they are smart enough to time the market. Everyone is counting their money all summer long and then comes that fateful October morning when the market, the present commodity bubble or some too-big-to-fail corporate bond issuer collapses.
The young, the agile, the professionals and semi-pros are all going to be ok. Everyone else is going to lose 40% or more of what they have left if they are still invested.
And then, it will begin all over again.