Market Extra: Head of the world’s largest hedge fund said at Davos that you’d ‘feel pretty stupid’ holding cash — how’s he feeling 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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