Yes PK. However, just like a short which will eventually have to be repurchased, that 9B WILL make it's way back to the mkt as soon as a general "all clear" is sounded. I call it the "groundhog seeing his shadow principle". Frankly, some of that will create an uplift, most will probably follow it.
I've got some of that 9B in cash (* use -E notation, mind you), and I plan to wait it out a little longer, until after October. It will go back to work sooner, vs later.
There is still plenty of 401K money going in, too. Not too many people mess with their allocations, or move their money around. |
