Is this a market crash or is this just a “buy the dip” correction?
Theory says you should hold on regardless but that is not great advice if you can tell the difference between a pull-back and a market crash.
Over the years I’ve got it right and my calling of the Credit Crunch crash of 2007-2008 is probably knocking around here on Forbes somewhere.
Getting out near the top of a crash and even a correction like February’s can be very lucrative but timing is extremely difficult.
I am 75% in cash and will likely go 100% cash this week if we head down by much.
I think the chances are 50/50 that we are in for a crash but that 50/50 as far as I’m concerned is near enough of a certainty to clear the decks because the downside is huge and that money will go a long way buying on the other side of the crash.
I really shouldn’t hedge by saying 50/50 because many people won’t understand what a high probability that is for calling a pull back as a crash. So I will say as far as I’m concerned we are in a crash and it will Click here to read entire article