(12-22-2018, 04:42 AM)crimsonghost747 Wrote: That's what I love about this one.
There is no reason other than "stocks are expensive, interest rates are going up" which makes it a good buying opportunity if it keeps going. But it's true, stocks were a bit too expensive so this is a welcome move.
Personally I haven't touched my cash reserves yet but the time to start may be soon.
I haven't touched the cash I have in my emergency crash bucket. I had other money I wanted to get into equities and clearly got too aggressive with it a few weeks ago. A lot of investors are leaving the equity markets for safety. Buying the dip hasn't worked for three months. Perhaps we are seeing some capitulation now. Nothing survives a real bear market. A few sectors and individual stocks are still hanging on, but the list is getting really short now. I just checked CNBC and it appears my crystal ball is correct about the Prez wanting to fire the FED Chief now. That will be easier said than done. More noise for the markets.