“In the financial markets, you’ll typically pay a high price for certainty. That price is paid in lower investment returns, and sometimes also in greater financial hassles. Yet I see investors paying that price again and again.”

"If you need your money back within a few months, it’s foolish to own stocks. But if you won’t need your cash for another 10 or 20 years, it’s foolish not to own stocks." - Jonathan Clements

"I simply take my cues from the magnitude of the market’s decline, and the bigger it is, the more enthusiastic I am about buying." - Jonathan Clements

Pensions may have a fair amount of equity exposure to sell down as they rebalance into fixed income as we approach the EoM

Believe it or not, managed money in aggregate remains short oil here, despite the face ripper we've just experienced because of rising geopolitical tensions