When politics is attributed as the reason why the broad market drops by 2% in a day, you know there is more to come (the reason is most certainly not politics).
Brace yourselves – I’ve been continuing to liquidate things and are well positioned for a market crash.
(Update, June 4, 2017: S&P 500 is up 4% since I wrote this, in a huge upward trajectory! Shows you what I know about short-term market timing!)
crash or a much needed correction?
A pronounced drop in the market. I think with electronic triggers that you can’t have 1929-type events anymore but certainly over the period of a month it can happen.
But this isn’t a prediction of a crash. Just that if one happens I’m well prepared. I was thinking something like August 2011.