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re: Getting out of the market before election
Posted on 10/9/20 at 11:32 pm to Tigers4life
Posted on 10/9/20 at 11:32 pm to Tigers4life
quote:
The main topic is the possibility of a correction
A correction? I think the OP and others in this thread are talking about way more than a correction.
We just experienced a health correction and are rebounding solidly. Another correction in the 4th quarter might happen, but would you really go 100% cash on the possibility of another 10% drop? That basically just puts us back where we were t the end of June/early July and the run after that has been pretty great, even with September's correction. How do you time getting back in? The smart thing to do is to rebalance, trim, and have SOME cash ready when opportunities present themselves. But the total panic and fear mongering about a possible Biden win is ludicrous.
There's certainly going to be volatility and irrational market reactions for the foreseeable future, but the outcome of the election won't cause the market to drop 30+%.
1
Posted on 10/9/20 at 11:38 pm to whitefoot
quote:
There's certainly going to be volatility and irrational market reactions for the foreseeable future, but the outcome of the election won't cause the market to drop 30+%
This is my thoughts also but strictly speculative on my part.
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