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Everything you say is true, but right now there is no obvious way to protect against the downside except to sit in cash. If the market rallies for another 10 ye
by nly 6y ago
Everything you say is true, but right now there is no obvious way to protect against the downside except to sit in cash. If the market rallies for another 10 years we will all look rather foolish doing that.
Yields are falling across all asset classes, and correlations between them are growing.
The overriding feeling no matter how much analysis you do is that nobody has a bloody clue what is going on.
- quesera 6y agoYou're right. And the real takeaway is "it depends". My "smartest" investment decisions have been never following through on plans to sell, after thinking "This can't go on forever". (The same can be said for my dumbest decisions though!) I remember reading here on HN, back in May or so, someone saying that they pulled everything out of the market in March, and avoided huge losses. Sounded smart at the time. Luckily, I was not that smart!