Hi ACF Mike, I will be picked up by car in about 15 minutes, and then I am out of your hair for 5 days, unless I extend trip to next Thursday. Whilst I am away, do not take out a loan to buy the market and add to your already fully invested state. The honest market of Monday has now put light to the false market of last Friday, and the trend previously in place is ‘in place’, ‘intact’, and amazingly, ‘picking up speed’ into October.
<<The pressure is building for an EXPLOSIVE upward move in US equities. Miss it and you'll miss the entire year's gains and more>>
I would agree with the contention, if you are making one, that a multi-generational buy opportunity is fast upon us. The problem is ‘how low is low’, ‘which companies’, and ‘when to bail out again’.
I believe the answer to ‘when to bail out again’ is ‘almost immediately, in a few days’, and so the answers to the first two questions is a matter for risk management.
For fun, I say end of September/early October, big companies such as GE and AOL, and before end of January, 2003, respectively.
I shorted some NEM December 20 Puts last trading session, and I added DROOY, IMPAY, NEM, and PAAS to my employees' LTBH stock accounts. The funds in the account are entirely money I granted over the years of my own volition, above and beyond market compensation, before HK government passed the mandatory retirememnt savings law.
They like the colorful annual reports for their kids' education, and the numbers that grow out of thin air through further grants, dividends and capital appreciation.
Chugs, Jay |
