Back to the original question.... how's your 401k holding up to this correction?
as I mentioned in the other thread, I moved all of my 401K into a money market about in mid-December--so it's increased by the contribution amount since then, and that's about it.
I'll put most of it back in an index fund at some point.
I did the same for:
Lets face it, when Warren Buffett has $140 billion in cash.... something is not right
Corona virus, artificially low interest rates, plunge protection team on speed dial, Yield inversion, massive corporate stock buy backs and CEOs dumping their stocks, housing bubble, student debt bubble, Fed debt, foreign banks on the verge of collapse, trade war, freight cargo way down in USA, personal loan delinquency way up, $80 billion in nightly bank repos , 12 years since a recession hit...., Etc.... Etc....
There is a BITOG member that I sometimes PM to ask / pick his brain about his outlook and strategies. Very smart and respected member gives me his game plan.
I told him in Oct - Dec I was selling and taking profits for the reasons I mentioned above. I'm in my early 50's and simply reducing my exposure before the house of cards comes crashing down.
When crash will happen ?
Sooner rather than later....