good grief, he's long the stock, do you EXPECT him to say negative things???
This other is for other guy that was talking about building the bomb shelter or something:
I just turned bearish about 2 months ago and have just recently slowly eased myself out of the US mkt. US mkt might go a little higher, but risk/reward ratio has shifted into a ratio I don't like and am not stupid enough to play around w/. You go long when everyone else is a naysayer. When everyone is looking up except a few wackos like me and Flecki and few others. it is time to rethink one's strategy. BTW-- if this mkt rolls over on ya. I can guarantee! you that you will walk away w/ alot worse than 10% hickee. How are you going to know when to bail (assuming there is no crash and it just slowly drops) I'm willing to bet you'd see every dip as a buying opportunity. Only when it was too late, would you realize, oops I should have gotten out about 60 pts ago. Don't worry though this will happen to many if we get a bear. afterall the gullible public has lapped up Wallstreet's "buy and hold, or in it for the L-T" Wallstreet will be selling to the ma and pa chump of america unfortunately. I think it stinks, but that is the way it is. Nobody reminds you that it took 16 yrs after 1929 for you just to get back to even. The stock mkt is just like any other invetsment, there is risk. If everyone is doing it, that risk is heightened because most of the potential buyers are already in. Why do you think that the mkt has had such good returns over the last 40 yrs??? cause after 1929, america wouldn't put their money in, that's why. as slowly people grew old and died they forgot about the crash, and $$ started flowing into the mkt again. We're on the opposite end of the cycle this time. Getting in right at the top.
Talk to you kids tomorrow. |
