ya I moved to a cash / liquid position at the end of July, already grateful i did!
“ya I moved to a cash / liquid position at the end of July, already grateful i did!”
Smart move! I was looking back to see the exact date we started adjusting our holdings to take advantage of a down market. It was July 18th. It has been obvious for some time that the record highs were built on nothing but air (and the dollars magically created out of that thin air).
I moved my last tranche out of equities in May. I was kicking myself a bit for a while there, but it was just as well.