Here we go again.. the markets took another big plunge today.
Perception plays a BIG role in the stock market and it seems investors have come to terms with the “R” word and are fleeing to (what’s now considered) safer investments.
But, this is all great news for bears (like me) who’ve been forecasting a recession for months now and have been sitting on the sidelines fully invested in cash (VMMXX).
With just a little foresight and an abundance of patience, the market-timing risk that I took with my retirement portfolio has finally come to fruition.
After todays market plunge, I’m “back in black” and expecting more.
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