Hey, Jill, howrya? Sorry you're in a bad mood. Wouldn't be the market, would it? I've been sailing and trying to enjoy life while the market tanks. Was 95% cash until (unfortunately) early Sept, when I got head faked 50% back into the market. Closed out a lot of positions, took about a 10% hit, no big deal. I'm only 25% invested now, and have been buying Jan calls lately on the beaten downs, intc, rmbs, emc, even qqq. I do wish I had followed my own advice from several months ago, when I predicted that greenjeans would bring us down hard. He may have been using non-existent inflation as a boogey man, but what he was really after was the stock market wealth effect. Problem is, he didn't count on external factors like oil pushing the economy down even harder. I see the dow going to 9500, naz who knows, 2900? Then we should have a nice rally into the end of the year, after the elections. If we do, I'm selling it, going to cash again until the fed's damage is done.
Good luck! |
