<<Technically you are correct but I still assert we are in a healthy bull market. Are you suggesting the Nasdaq is in an
overall downward trend? Are you telling your clients to sell on any strength? MRVC is the last place your money should be if you are correct.>>
actually, i don't recall stating (or even suggesting) any of those things.... but, hey, let's see... down 3%, down 4%, down 7%....hmmm...that appears to be a downward trend to me. am i selling into this? no. i think it's foolhardy to sell after a 27% correction from the peak. clearly, we're in a position where it's at least 2/3 over. now, the question is, did i accumulate some cash and move into some defensive positions BEFORE the decline? i guess you'd have to ask my clients to make you feel certain. but the answer is yes. and, i DID suggest such on this thread, as i mentioned i was buying stocks such as REI, UNM, SPC, SGR, etc... also, most of my clients accounts have at least at 25% cash position at this point... so, while i don't have to justify my positions to anyone buy my clients... no, i'm not selling at this point, but rather looking for a bottom to buy. and as i said when the naz was down 3%, i don't think it's over. pretty good, so far.... as for MRVC, i did sell some of my position and have traded some along the way. it's still a very meaningful position in any of my accounts that need growth. in my personal account, it's WAY too big, but not nearly as large as it was this time, last month.
now, i'm going to put that buy list together for sometime tomorrow. |
