One day I sat thinking, almost in despair; a hand fell on my shoulder and a voice said reassuringly, "Cheer up, things could get worse." So I cheered up and, sure enough, things got worse. -- James Hagerty
The vertical line is the day I went from 99% Stocks to 99% cash in the 401a. I took a big hit on the day I stepped off the elevator. It fell another coupla floors down and bounced a touch past half way back up, just past where I stepped off. Will it keep on going back up and will my caution cost me a few dollars of lost gain? Or will the bounce give some trapped bulls an opportunity to sell higher/ will new bad news clock the market again?