We put some more money to work this morning into the mess — another 5% — while I was somewhere over North Carolina, on the way to Tampa. we are now down to 55% cash, from a peak of 80%.
As I noted on October 10, we "scale in over time, in 10% increments, and recognize that the
bottoming process can take several months to several quarters to
complete. Hence, slowly buying in is the key."
I would expect that another whoosh down will lead us to put another 5-10% to work. I was disappointed to see we didn’t get the 1000 point down capitulation. That’s probably to pat, and widely expected/hoped for.
Oh well, there’s always Monday . . .