Thanks for your post. I am on my way to fly from Milan, Italy to Palm Beach, Florida so I be quick. I fully agree,this market looks like hell. Everybody has warned, and even if Feds cut rate another half percent, most those who have warned will take 3 Q's before show better earnings.
Forgive my assertion, but I have been in this market longer before most people on SI were born, I am class of 1935, and I have been fully invested in the market since 1952. I have learned over half a century oone lesson: this market moves not only by higher earnings but also by anticipation of earning, or shall we say it moves on dreams,greed and hopes!
After all this like going to Casino in Monte Carlo, we are all dreamers. YOu saw what happened when the rates were cut. You wait for the end of Jan. and when the next cut comes the same will happen. Moral of the story, this is a nasty year and if you want to make money, you have to be like a pirate, hit and run, buy on dips and
get out as soon as you have made gain. In my case I have three portfolgios, BONDS for income, LONG, not to be left out if the market flys, and SHORT where I trade on every day.
Talk you later
Kind regards
Yaacov
p.s. the Feds are worried to death, I think we will see more
cuts, 100 basis point, bu April, and tax cuts to follow. That will revive this economy, in the long run we will do well. |
