Jake,
I think you're wasting your time. Tunica is thinking only uni-dimensionally. It's either black or white. You're in or out, you're long or short.
Most other prudent investors/traders consider a 3, or at least 2 dimensional vision of investing. The second, and so aptly pointed out by you, dimension is: THE TIME HORIZON. The third, if interested, is a framework/classification of money into the time horizon.
You're absolutely right. The ST trading patterns of the market are very risky and frankly stink even for professionals. The MT trading patterns of the market are even riskier considering the economy and the fact that we're about to start earnings and guidance for all sectors and companies. However, IMHO, the LT vision of optics, to me, continues to be very bright.
Tunica is saying that NOW is the time to invest, regardless of horizon. I say NO. Now is a risky time to invest ST or MT, and there is even a small amount of LT risk. However, maybe TUNICA's point has been unstated. It is, from the best I can gather from his numerous posts is: The risk of investing now DECLINES as your TIME HORIZON EXTENDS.
That is the point that TUNICA has tacitly been preaching, I think, for the last week, or even longer. However, he been saying: "Buy now, regardless of anything, timeframe or otherwise. You're going to miss the train". Pooh. That's a disconnect.
Most of us are already on the train.
Steve |
