– August correction incoming?
– Greed is all time highs; People are complacent
– I believe a correction of 5-10% is healthy for the market to flush out excess and remove junk investments from the market.
– This involves people who are over-leveraged gets trapped.
– Personally, taking profits from risky bets, some profits from quality names and raising cash.
– Rotating money to defensive names.
– Not exiting the markets completely.