RE: RE: RE: How Low CanSome of us don't want to be stuck holding cash ever. I am one of those ones. Besides, short term capital gains cost me 40% in taxes. What's the point of making money only to give a huge cut to those that are bleeding you dry? You win, give me 40%, you lose, that's your problem. Screw that.
This pullback doesn't bother me in the slightest. I get monthly paper cash and I would certainly be happy to throw the trash cash at something good like EVG for whatever the price it may be at the time. I guess it's just a state of mind that most people stuck in a fiat world don't have. So they get scared of pullbacks when they should be embracing them.
The problem with people that constantly go to cash is that they will be out of the market when a currency crisis unfolds and their paper will be nearly worthless. Don't think it will ever happen here? Good luck with that! You haven't read up on your history.