S&P 500 is at a make-or-break level. If we lose 7750, I’m going to 75% cash. That’s a firm decision. Some people will see that and think Prof is turning bearish. I’m not. I’m being a risk manager. Unlike most people who are magically bullish after the market goes up, then somehow magically bearish after it drops. I put my money where my mouth is. And most importantly- tell you what I am seeing. One painful hell this market has been. $SPX $SPY
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