Quote:
Originally Posted by RandomHero
There's a hell of a lot of people sitting on the sidelines waiting to get back in the market right now. I see the potential of dipping down to 1550 and then when everyone gets back in we hit 1700+.
You also have to factor in the fact that bond interest rates rose significantly over the past 2 months. Bond funds are getting killed right now. Many people are flocking to equities in order to get any kind of a yield right now. Floating rate, high yield, and negative duration are about the only bond funds classes I'm using right now.
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I have been sitting on the sidelines also and day trade only. Don't want to get chopped up going long until the market confirms.