Geoff Wilson has long expressed concern about the looming end to Wall Street's seemingly endless bull market, and he did so again on the investor call, where he joked a record number of attendees could be another sign of the top of the market.
"We can only give general advice, there's a disclaimer somewhere," Wilson said.
"That general advice would be: Make sure you have some cash."
To reinforce the point, the WAM team said that within 90 days, 88 per cent of the WAM Capital portfolio could move to cash. At WAM Leaders, it could be 100 per cent cash in 90 days, while for WAM's micro cap fund, 86 per cent of the portfolio could be in cash in 90 days.
I'm guessing he wan't go 88% cash yet, in 90 days? Just preparing. I reckon this bull market has 1-2 years max, then a massive crash.
WAM Price at posting:
$2.49 Sentiment: Hold Disclosure: Not Held
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