What to do, what to do? I didn't jump in at the bottom and now it looks like we're about to have a major market move. Someone will correct me if I am wrong, but I do not believe we have ever intentionally destroyed our economy before. Previous recessions and depressions were typically market driven, not based on false unemployment numbers. I say the numbers are false, because it's not that there aren't jobs out there, it's the state and local governments that are preventing a majority of people from working. Now that we are slowly reopening, will the market go higher, or do the bears have too strong a hold? Anyone have a magic 8 ball that works well?
This is typically the time I sell in May and go away, but I hate to lock in the reduction in my account value. Then again, the market is nearing a crossroads and would normally drop like a lead balloon with unemployment where it is. Should I regroup in G and hope for a nice Santa Claus Rally, or risk losing more account value by riding the storm?
I'm hesitating, because I'm eligible to retire this year and I'm leaning towards leaving at the end of the year. A few more things need to fall in place, one of them being my TSP bottom line. I'm close to an acceptable level, but I'm not quite where I want to be. Anyway, I'm mostly just thinking out loud, but if anyone would like to provide their insight on where they believe the market is going, I would be happy to hear it. Happy investing everyone.
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