Doug,
My record of advising others is impecable. As an example, I advised Mr. Charles Marsh to cache in his shares in IPM at $14 and buy GPGI. I was certainly right in the first of my advice, was I not? Half right is better than not right!
If you do not believe me, then ask him, for he is an honest (for a real estate agent) man!
Jusat joka, chucka!
Now, for you, and you better listen to me!
This is a crazy market. There will be great value found and great investment lost! Market multiples are out of sight and history tells me that they will be brought in line. If you are adroit and fast there is money to be made, but you must be both. In my view, we are due for a correction of some magnitude here and that will certainly happen and I am most uncomfortable in this thin market lead by a minority of stocks. In the longer view, this may be a pause on the road to progress, or not. I supose that a prudent approach would be to stay with trend and buy out of favor stocks in good sectors. Find value as you can and keep your stops short.
Am I a bit confused, yes! Should I short the dollar, buy wheat? Sell gold? I am always confused!
Confused, Jack!! |
