..ways to go, in the lead up to dot.com crash and 2008 GFC, cash allocations were also in their 20+% but only gets into 30s% and 40% when the falls accelerated....
..the truth is people follow prices, when prices go high, they buy, and when prices go low, they sell. In current market environment, there have been far too many false upside moves and downside ones too.
..We have to see a significant level of disinterest in stocks before we get a bottoming process. So right now, people get into sectors that has been doing well and which they believe will continue to do well, hence they are overcrowded, which makes them a space that is susceptible to a large fall when the exodus begins.
