Mr GreenJeans,
I can't even begin to try to convince you or anyone else to get in at these levels, we do not expect a rate drop soon either. When I look at the market I see a NAZ that has blown away the old highs, a S & P 500 that's high, the Dow is not at its high but then Bob has been saying that for a couple weekends now.
I am holding my long positions in the equities I own and sold my trading shares today. Sometimes I think of searching for some mid caps or small with low PE's and a good outlook but why??? look at where people go, names, names, names, they/we oversell then overbuy.
I can tell you 1 thing Bob says is so true, I've traded way too much in '98 and I've spun my wheels, if I'd have held my positions I'd be just as far ahead.
Thanks for the number crunching, it reaffirms what I was sensing. I think Greenspan used the phrase irrational exuberance a year too soon. Isn't it ironic that Bob spoke Sunday about the Ebays/Amazons and look at them go again today. It will be some show when they do begin to fall and I wonder if this could be the last hurrah before Christmas to hype internet sales.
Isn't 70% a bit heavy for this level?
In Oct I opened two Roth's (VTSMX@21.96), I am hoping for a little pullback to stick the remainder in them?
So, what's the hard question? I don't think you missed anything in your analysis. I read a newspaper last weekend, business section was recommending 30% in equities, talking about 40% of the world being in a recession.
jim |
