Ray Dalio: Cash on the sidelines will pour in to stem the bleeding in this market

[pbmus]

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

[The_Casual_Observer]

1. What bullshit. That guy is a fraud too.

[Dawson Leery]

2. People in cash are feeling good right now.

As usual, a hedge fund shyster gets it wrong.

[kimbutgar]

3. I think foreigners are selling their stocks because of twitler

China announced they would slow down buying US treasuries. I see interest rates going up soon. This is going to slow down our economy and guess who will get the blame? Obama. Wait for it. Twitler will find a way to blame him and Hillary. Twitler has pissed off a lot of foreign countries. They are pulling away from us.

[berni_mccoy]

4. Classic pump-and-dumper... he's just hoping enough people stay in the market while he gets out.