Its a false economy. It will fall hard when the recession/depression really sets in.
And don't show fear... the market can smell fear
When a Market Correction Gets Hot, Stay Cool
You’ve spent a lot of time making a financial plan. You’ve read the blogs, perhaps worked with a professional, and you’ve made the best decisions you could. Now is the moment to be confident in your strategy and stick with it. Don’t change directions just because a correction is blowing your way.
Behavioral scientists talk about hot and cold cognition. Cold cognition involves formulating ideas and making rational choices based on facts. But when we are agitated, hot cognition kicks in and our emotions rule the day.
One trick to success in a correction is to recognize when you enter a state of hot cognition. That’s the moment you need to stop acting and trust the decisions you made when you were cold.
At the outset of the Covid-19 pandemic, we endured one of the deepest and quickest corrections in history (some might call it a crash, but both terms would be accurate). The S&P 500 lost 30% in a matter of weeks—and then regained it all inside of five months. The Covid Correction offers a key
www.forbes.com