Are you prepared for a stock market meltdown?
(Do you have a supply of food, and buckets of cash for an emergency?)
Answer :
I am prepared for a stock market pull back. I have 70% of my investment money in cash (money market). This time last year I was 100% invested. Earlier this year I sold out and took my profits. I am thinking the market will cool through out the summer and the best time to invest will be towards the end of August or beginning of September.
Posted: August 8th, 2010 under US Stock Market.
Tags: Stock market, stock market meltdown