Sherman said:I have been 100% in cash for several years. I am now looking for an entry point. A trader I follow says when the market bottoms out it is going to enter into a trading range for the next 10 years. In other words, it isn’t going to just bounce back like it did from the 2007 crisis. Once there is a trading range, then you buy at the bottom of the range.
Sounds good. If the Dow ranges between say 13,000 and 18,000 for 10 years, I would still have time after those 10 years to recover and make a decent amount before I get old.
I often remember though that the 1929 market crash didn't full recover until 1946. So it has happened in the past. I may have jumped the gun today, but I thought moving a little over was worth the risk.