NOT where to have been. Right place 2007....wrong place past 5 years.
Investors always buy safety & Optionality AFTER the crisis.
And don't play the silly "sell in May and go away". Hint hint
Billionaire investor Jim Chanos, who famously shorted Enron before the company collapsed, told CNBC on Thursday that now is one of the best times in recent memory to get short.
"I think the risks have increased in the U.S. market rather dramatically in the past year," Chanos told "Closing Bell." "Are we at some sort of top? I have no idea, but I do know that people that were eschewing risk in 2009 when they should have been taking it are now embracing it in late 2013."