I hope nobody reading this was enough of a sucker to buy back into the market after Monday's surge.
Remember this is the way it goes:
* Big boys begin selling at the top.
* 401k fund managers sell at the bottom
* Big boys buy back at the bottom
* 401k fund managers buy back in at the top
* Repeat cycle
I exited the market years ago. Glad I did. Some of the guys I work with now are glued to their computers watching the market as their retirement accounts are raped and pillaged. I kind of feel sorry for them but they have given me a lot of s**t over the years for being such a "fool" for missing market runup.
How's that saying go? He who has the last last laugh lasts longest?