John>
re "...abandoned ship to cash-- Uh oh!"
it's only fair to tell the whole story. It's scary. And hopefully just a nightmare. Here it comes.
Even if I was down cca 30% from this year's top by Friday night I was still in my "The lord is my sheppard I shall not sell" mode. But then I hit upon a message on the "Boerse now" bulletin board (my monthly feed on options etc, highly respected and proven, errors and snafus included, over years), where BN himself (must be the chief editor) is saying simply: "hey guys, I see Freddie coming backbig time".
here's the original message
an unsolicited message re. stock-Crash
As an editor of Midas-Investment reports I got involved in a very intensive and intricate way with the phenomenon of market crashes.
So far I could predict on time the 1989 Mini-Crash, the Tokyo melt-down in 1990, the 1997 Mini-crash and the 1998 turbulences.
My indicators show in these days an extreme CRASH danger for international stock exchanges.
Now, Im not panicking or trying to create panic.Im posting that only to give some rationale for my decisions. And, when crossing "lion/ass" with "dead/alive", I would prefer being an "ass/alive" to "lion/dead".
So, 95% in cash and ~45% yrly ROI. Oh, and I got myself some NAZ puts.
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