Yesterday’s market action was a bit of a surprise. I wouldn’t quite say it’s time to go short on all positions, but it certainly looks like cash is king right now!
Never forget, all you stock investors out there, if the big money is leaving stocks, it’s got to be going somewhere. The housing market in many areas is in a slump, and the Trumps and Kiyosakis of the world tend to be big in real estate anyway. Gold has been steadily increasing since the last series of sell-offs ended last October. Bonds don’t look too good right now unless you’re already holding them (but then, new issues may be better than nothing, at least in the short run).
But then, the market could rally tomorrow, too!