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Non-Tech : Kirk's Market Thoughts
COHR 132.000.0%Nov 3 9:30 AM EST

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To: POKERSAM who wrote (6466)12/31/2018 3:26:40 PM
From: Kirk ©  Read Replies (2) of 26398
 
I did some more buying today... once I was sure your biggest fan didn't have the ticker for the stock in his header to signal yet another top today, I knew it was safe.
I sold longs at 2460 which was +80 points. Will wait to go short.


Probably my best accomplishment "trading" this year was to have my allocation to stocks about 5% LOWER at the top than it is now... and it is ALL on the official record.
”....there are confident ones; they move from ninety-ten (90:10) in stocks-bonds to five-ninety-five (5:95) in stocks-bonds. That implies a degree of self-confidence bordering on hubris and self-deception. Over the decades, when both groups...have equal limited (!) ability to "time," the cautious chaps who alternate between sixty-five-thirty-five in stocks-bonds (65:35) and sixty-forty (60:40) are likely to end up with a superior risk-corrected total return score.”
[Paul Samuelson, "Journal of Portfolio Management," Fall 1994]
Have a happy new year and don't let the sycophants get you down.

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