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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I moved to a cash position today. Smart or stupid?[/quote] I think trying to time the market like that doesn't work in the long run, but there's always someone with anecdata about how they avoided the last big crash.[/quote] I actually got out about a month before the last crash. I think it was september of 2009. unfortunately I didn't call the bottom and started getting back in around 9k, but that was better than 14k. Bullish all the way. Life goes on and all those houses and autos must be replaced at some point in time. Cash earns no interest now and with the national debt at astronomical levels inflation will have to hit eventually devaluing those dollars squirreled away in the mattress. [/quote]
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