Ray Dalio: Cash on the sidelines will pour in to stem the bleeding in this market
Ray Dalio runs Bridgewater, the world’s biggest hedge fund, and he has a message for those freaking out about the recent selloff: Relax... for now.
“These big declines are just minor corrections in the scope of things,” he wrote in a LinkedIn post. “There is a lot of cash on the side to buy on the break.”
Well, this market could certainly use some buyers. At last check, the Dow Jones Industrial Average DJIA, -3.67% was down 700 points, marking its first 5% pullback from all-time highs in more than a year.
But here’s the perspective Dalio offered:
https://www.marketwatch.com/story/ray-dalio-cash-on-the-sidelines-will-pour-in-to-stem-the-bleeding-in-this-market-2018-02-05?siteid=rss&rss=1
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