Market Extra: Head of the world’s largest hedge fund said you’d ‘feel pretty stupid’ holding cash. Who’s feeling stupid now?

Ray Dalio was wrong about hold cash.

Bridgewater Associates founder Ray Dalio offered some guidance to investors a few short weeks ago, on the sidelines of the World Economic Forum in Davos, Switzerland.

It was simple and clear as MarketWatch reported: “If you’re holding cash, you’re going to feel pretty stupid,” the hedge-fund maestro said.

The comments came just days before the Dow Jones Industrial Average DJIA, -4.15% and the S&P 500 index SPX, -3.75% touched fresh all-time highs on Jan. 26.

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