Subject: Re: BACk to selling BAC
I luv it! De-risking away from equities that might be exposed to banking industry meltdown and other financial contagion. Drawdowns are coming in the next couple years and we’re overdue. Maybe I won’t sell the BRK after all, cuz Newfydog made a good point about BRK being a partial cash proxy with optionality, with a coiled spring loaded for bear!