“Federal Reserve policy makers were ‘broadly comfortable’ with Chairman Ben S. Bernanke’s plan to start reducing bond buying later this year if the economy improves…’A few members emphasized the importance of being patient and evaluating additional information on the economy before deciding on any changes to the pace of asset purchases,’ the minutes show. ‘Almost all participants confirmed that they were broadly comfortable” with the committee moderating ‘the pace of its securities purchases later this year.’” Story from Bloomberg at…
Thursday, the S&P was Up 0.9% 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.