“Richmond Federal Reserve Bank President Jeffrey Lacker made a case Sunday for ending QE3: the costs of asset purchases are rising and any future benefits are likely to be small. “The data in the first half of the year in my view is confirming my sense that the asset purchases were unlikely to have a noticeable effect on growth, ” Lacker said in an interview with the Richmond Times Dispatch on Sunday.” Story at…
Tuesday, the S&P was Up 0.4% to 1652 (rounded) at the close.
VIX was down 1% to 14.91
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.