Subject: Re: Michael Blurry of Big Short Fame Quits
"At this point, it's basically a game of timing. While I haven't been shorting, I've been selling off shares for aa couple of months and expect the majority of US shares to be gone by mid January (Nvidia went a couple of days ago)."
I stink at timing the market. So I'm keeping invested. I do expect a 50% decline in valuation. But when?
As long as I do not have to sell and can wait for a return to the former valuation I'm ok. Though that could take a year or two. And I purchased most of my holdings at lower valuations.
Having said the above; I haven't invested any more money into the market this year. Just building my cash stash. That appears to be what Warren Buffett is doing now.