From New York Times:
“So should I cash out of the stock market?”
This is the question I’ve heard from several liberal-leaning friends in the last few months. I get a few emails in this vein every time the stock market hits new highs, as it did on Friday.
They are worried that the combination of high share prices and an erratic president mean that the only direction for stocks is down. They are considering shifting some of their assets into cash or bonds.