Well, when one invests using one's feelings as a market timing tool, then of course one is going to get spun about as feelings change. You guys make me laugh - or shake my head anyway. Wasn't it about 5 months ago that we had this same discussion? Didn't I recall a few of you saying the same thing - market too high, going to cash? Now the market is higher and what do I see? At least one person is back to fully invested- I figured he couldn't stay out -g-.
There are PLENTY of good stocks out there at good prices. Of course, if you run a concentrated portfolio of 6 stocks, it will take you seemingly forever to make a buy decision (and it should). And if you don't have a value investing model or models (and from opinions on some stocks some of you are seeking, I can't fathom what possible models you might be internalizing -g-), or if you use Buffett( -- you only get 20 ticket punches anyway -g-) then you are much more subject to succumb to the belief that it's too late - slim pickings now.
As for me, yesterday I bought into a new position, and I'm trying to buy into another today. These are your standard issue value companies with some of the characteristics of low ps, low p/book, div increases, etc. Of course, I am also taking profits in fully valued (IMO) positions too.
JMO, and I've been wrong many, many times before. |
