Sure, holding cash will net you a 15% "haircut" but this is a pittance compared with stocks these days.
From CNBC:
Dow slumps 600 points to start the week, S&P 500 falls back into bear market territory
Stocks sold off Monday, pushing the S&P 500 to a fresh 2022 low and back into bear market territory, as recession fears grew ahead of a key Federal Reserve meeting this week.
The Dow Jones Industrial Average dropped 760 points, or about 2.1%, the S&P 500 fell 3% and the Nasdaq Composite tumbled 3.7%.
Those percentages are just for the one day. Add these to the dismal last week and you are seeing some serious losses.
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