Anonymous wrote:I agree with you OP
What's more likely. S&P to gain 30%, or to lose 30%.
The risks is exponentially higher the market will drop.
I piled a ton of $ into S&P in April when it was under 5000. It's seen an almost 30% rise. I'll be selling at the first sign of distress and stick it back into what at that time will probably be 3.5% money market until after the correction again. Locking in a profit is never bad.
You can be a sheepie and follow the axiom not to pull out of the market because it will recover. Pull up the long term graph and you'll see some of those recoveries took 15 years.
In the short term I agree this is a good time to be selling. Market is overvalued. I just cashed out a few hundred k to put down on a house in the next year.