The average investor will think the market was up today. They will come back from work and see on the News Dow was up 27 and think that's good their 401k is up today. Not knowing that the Nasdaq was down 2.5%. Worse close in weeks.
Conversation
I am in cash except for some long-term investments (or short-term if they happen to pop which might very well happen). We will see. There are a couple of speculative plays that are not “long-term” that I’m in. Might cash those out too to be safe if I see more pullback.
1