Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I noticed this article on Bloomberg: Investor Cash Levels Jump Toward Levels Not Seen Since 9/11 - Bloomberg
Your thoughts?
...The amount of dry powder in portfolios is above that seen during both Europe's sovereign-debt crisis and the U.S. debt-ceiling debacle, according to Bank of America Merrill Lynch's monthly survey of money managers.
Could be a good time to speculate on a quick upward market move. I don't do this normally. After thinking about it, I generally just remember my overall goal is to hold a fairly high level of stocks rather then to keep "dry powder" and then time entries/exits. But just maybe I could sell some bonds and increase the equities. Maybe just this once? Hmm...“This month’s cash levels indicate that investors are bearish, with fears of an EU breakup, a bond crash and Republicans winning the White House jangling nerves,” said Michael Hartnett, the bank's chief investment strategist.
Your thoughts?