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I sold out entirely just over a week ago and pulled my managed funds back to cash as well. Proving so far to have been rather well timed (albeit more by accident than by design) as I almost perfectly picked the peak for my portfolio.
I don't particularly think COVID-19 is going to be any great pandemic (in terms of loss of life), but rather that it's coinciding with irrationally high valuations and debt levels and anything that might force a lot of businesses to take a meaningful loss for any sustained period of time is going to cause a flight to safety in case it triggers a more widespread meltdown. Ironically that behaviour in itself leading to a run on the markets.
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