I profited a bit from the Fed rate cut. Now the market might need some time to stabilize; still a year-end rally is possible. Time to stay in cash for those of us who are prudent.
There is nothing wrong with keeping a little cash in the sides to buy dips and calls. but going 100% cash is an easy way to underperform the markets
I'm waiting right now. I can easily get in or out in a single day, and everyone here should -even those with a few millions-, if you are diversified enough. I only trade index ETFs (and their options/futures), so there is plenty of liquidity.