"The market will move in a direction that inflicts the most pain." ~ Wall Street adage
It seems the market is at an inflection point between greed and fear. There is not the irrational exuberance seen at previous market tops, nor is there a large amount of caution seen at previous market bottoms. A sharp movement either direction will cause pain, although I suspect an upward move will cause more pain since there is still a lot of money on the sidelines or invested in fixed income.
For now I plan to wait of the inevitable correction happens to the stock market. When that happens, I will be looking to buy in two sectors: financials and biotechs. In the meantime, I'm still selling stocks to reduce my risk exposure. Other than a slight bit of seller's remorse, I am still OK with continuing with this strategy.
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This is not financial advice. Please consult a professional advisor.
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