“Is this the plunge that accelerates or is another bounce coming? Given the "unexpected" plunge in new housing and the rise in mortgage rates, I suggest an acceleration to the downside.” - Shedlock
Full story at http://globaleconomicanalysis.blogspot.com/2013/08/durable-goods-orders-plunge-73.html
…The planning document is stamped “Draft/Pre-Decisional”and said no final decisions have been made.”
Monday, the S&P was down 0.4% to 1657 (rounded) at the close.
I have no problems leaving 20% or 30% invested. If the market is cut in half (worst case) I’d only lose 10%-15% of my investments. It also hedges the bet if I am wrong since I will have some invested if the market goes up. No system is perfect.