Could be in the middle of a major melt up. Yes, there can be fast and even durastic pull backs. let me ask you this..where in the hell else can y6ou put cash to work? Bond market? NO. Real estate? NO, not liquid. Then where???
Cash can be a good asset to own if you are expecting a correction or a bear market. Arbitrage can also be a "place" where you put your money to work when "TINA" seems to be the answer. IMO "TINA" is an intellectual fraud except if you are forced to invest by mandate.
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