I would take the opposite stance. Volatility is a trader's friend. Definitely requires nerves of steel but traders can make (or lose) a fortune in our current market volatility. I agree that pricing will be erratic over the summer. I will keep adding as cash becomes available even though prices will bounce all over the map. some think tech is at or near the bottom. I am hoping for another leg down for big tech names. Not sure it will happen.I can just imagine the pain and suffering of active traders who are trying to trade things like energy and bonds on a short-term basis.
One moment energy is crashing, then there are days like this with 6% rallies across the board... really crazy. I'm still guessing the trend is up but who knows.
I still think summer will be directionless, and the action starts in Q4.