you of course saw this below
my inclination is to panic
but i am all fresh out of panic
thank goodness for Patience <<is a Goodness>>
I had exited the market end 2007 and was good for nearly a year, and then was rewarded by the GFC
i had exited the market 2012, and exercised goodness, more goodness, much more goodness, except for the occasional gold trades, and very recently felt compelled to limber up, was rewarded greatly but at great risk
now am back to goodness, that be patience. this time the exercise should be easier, and the reward may be worthwhile
watch & brief
but of course, there is always the going short option, but ... who knows what the crazed officialdoms might do
but, yes, it is good to see the bear cubs stirring
for the feeding should be nearby
On 6 Feb 2018, at 7:26 AM, L wrote:
I haven’t emailed in a while, so I thought I’d post a little history on a fun day like today ;)
a Trump White House statement to add to the collection of crash statements:....
From: M
Subject: Comments - Week of February 5
Interesting to see that the S&P 500 bottomed at 666, and that on Friday, the Dow fell -666.
It seems that everyone has flipped bearish in 48 hours.
I get the feeling that we are going to drop -10% or so in the next few weeks.
But....after that, we have a rally of 20% to 30% to really take out the remaining bears.
At that point, we head south....and hard.
In 1987, the S&P went from 302 to 278 in April, but then rallied to 337 in August (down -9.2%, up 21%)
In 1929, the S&P went from 26.37 to 24.2 in May, but then rallied to 31.86 in September (down -8.3%, up 31.6%)
And late last year, we saw bitcoin go from $16,856 on December 7th to $14,923 on December 9th (-11.5%), then rallying $19,343 on December 16th (up 29.6%).
As Martin Armstrong noted, trading parabolic markets is extremely dangerous.
Thoughts?
M |
