Cash Is King as Investor Pessimism Hits 2008-Era High, BofA Says

[rcjordan]

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]

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]

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]

Wealthy millionaire millennials distrust stocks and bonds: BofA | Fortune

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