I have made a mental decision to sit on cash. This market is too irrational
to be long and too dangerous to be short. So I am waiting with cash. I
know it doesn't make much after inflation but I cannot logically find value
in the market.
However, I do waver at times, and my emotions temp me to join the bandwagon.
My little demon tells me "The market is all-powerful and impervious to the
economy. Valuation is meaningless. Follow the cash. Don't fight the
masses." It is reading sober articles such as yours that reminds me the
tragedy that could await me, foolishly believing that I can be in and out of
the market without being taken out.