Author Topic: Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says  (Read 976 times)

rcjordan

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Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says
« on: September 23, 2022, 02:54:31 PM »
paywall, but the first couple of paragraphs are enough.

https://www.bloomberg.com/news/articles/2022-09-23/bofa-says-cash-is-king-as-investor-pessimism-hits-2008-era-high

I listened to Debbie Downer and stayed with cash. Now waiting for bonds to get serious.

BoL

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Re: Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says
« Reply #1 on: September 23, 2022, 05:19:09 PM »
Looked like a car-crash in the UK today after our 'mini-budget'. Have some shares and they took a decent kicking. Sterling also plummeted which doesn't help when the root of the problem is energy priced in dollars.

ergophobe

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Re: Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says
« Reply #2 on: September 25, 2022, 03:29:06 PM »
I just transferred some cash from savings into a brokerage account, anticipating that a buy moment is coming, perhaps similar to the March/April 2020 bottom. I wish I had had more guts then - that's still 50% up since then

rcjordan

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Re: Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says
« Reply #3 on: October 13, 2022, 01:36:23 AM »
Wealthy millionaire millennials distrust stocks and bonds: BofA | Fortune

https://fortune.com/2022/10/12/wealthy-millenials-shun-stocks-bonds-buy-crypto-alternative-assets/