>implying 15% cash in this market is safe
In other words, they're 85% exposed in a market with leading companies on 100x earnings coming into a bad reporting season.
Gee... what could possibly go wrong in that scenario? Oh maybe the catalyst for a major correction.
I did say support had been breached on major indices in this thread. Go back and look at the markets when I made that comment and now look at the markets.
This is my last post in here. Most of you probably think I work for a bank or I'm here to throw you off.
I'm not. I'm a retail trader who has been doing this for long enough and I don't like to see it happen to everyday people. It's criminal in my eyes.
ajc77, the model you've presented is very simplistic, as is mine. However, we all know there is more than one way to skin a cat.
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