Cash out now, hold 30% AND then buy back in with a focus on bargain stocks and hedges that still have a boatload of cash to invest (they are still out there...)
The amazing thing is that this has happened with GAS being as expensive as it has been for so long. The shitty part is our threshold of pain has been raised to such an extent that we will never see gas below 3,25 a gallon again, not for any extended period of time anyway.
If you are vested in China or any heavy duty asian funds, get out YESTERDAY. house of bamboo chopsticks, the whole scene! The only thing the chinese governement can do to prevent a collapse (when it HAPPENS, not if) is to send everyone home to smoke opium for 3 days, but that wont work.
But I am a happy burglar right now, even if I am going to croak fairly soon. Hookers and Booze on ME everyone!
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Are you gonna eat that?