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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (5943)7/14/1998 9:23:00 PM
From: MrGreenJeans  Read Replies (2) of 42834
 
Hedging

I am still long equities, 65%, and I along with many others on this thread have faith that Bob will do his best to call the next bear.

Bob brought me to this dance, made me wealthier than I ever thought I would be at my age, and I await his bear call to fully exit this market whenever that may be.

However, in every forecast including Bob's there is a probability for error. The only thing Bob does is his best to forecast the market and he gives his honest opinion every week / month and that is all I can ask. To hedge any error in Bob's forecasting model, let's face it the market will do what the market will do regardless of what anyone thinks, I have chosen to start disengaging a bit early. At these high pe levels any disappointment in economic fundamentals may cause a stampede out a very narrow door. As for me, I would rather walk slowly out the door, taking my time, and taking my wheelbarrel full of profits with me, and not have any footprints embedded on my chest.

At the end of this bull run I want hefty realized profits to show for it and that is what everyone of us should strive for.
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