Technically we are still in a long-term bull market. My rules are: long or cash in long-term bull markets and short or cash in long-term bear markets. Some short long-term bull markets and go long long-term bear markets. It's betting against the odds. During corrections I prefer to take it slower, sit in cash, and enjoy a good Bordeaux or Bourgogne.
This is just the beginning. You will thank me when the S&P 500 breaks below 1400. Take it from a pro. It's time to ring the register, fill up the cave with good wine, and watch from the sidelines. I will tell you when to get back in.
Hi there, this is Aunt Millie. I lost 60% of my retirement in 2008. Scared the jib-ens out of me! Since then I've had what's left of my life savings in CDs that pay 0.75% per year. The stock market's been going up a lot lately. That smart boy Ben Bernanke sure looks like he knows what he's doing. I'm thinking it's probably safe to go back into the market now?