For all the recent discussion about moving to cash or riding it out, i thought it was interesting that dealbreaker wrote that Stevie Cohen told his firm they are going to cash and see them in January… I know they are traders, not long term investors, but gives credence to the fact that sitting this one out is not just a rookie decision.
As a trader, it seems like it would be hard to trade on such irrationals. I don’t see how anyone is making moves at this point besides getting in, getting out and long term value hunting . . .