Tuesday, April 6, 2010

Crash Cash

"I sold in November '08 and I'm still sitting on cash."
-Name Withheld

This statement was made by a retiree who was proud of the move to cash. In hindsight, it was a good call for a few months, but robs the gains that could have been made from the bottom. Hindsight is 20/20. And if this is any indication, there are a lot of people out there like this, meaning the rally could keep going until it draws everyone back in, only to crash again.

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