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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (48122)4/6/2004 11:00:14 PM
From: TobagoJack  Respond to of 74559
 
Spring of 2005? It may take as long as that, or why wait :0?



To: Cogito Ergo Sum who wrote (48122)4/7/2004 12:02:58 AM
From: EL KABONG!!!  Read Replies (1) | Respond to of 74559
 
How ya doin' Spots...

Funny thing about that article is that I heard almost the exact same advice on the radio, just yesterday I think, from another market commentator, James J. Cramer...

Yep, ole Cramer was espousing that cash is king, get to cash quickly (but not too quickly) and wait for better market opportunities...

JJC had a few caveats though, such as what to do if the Fed doesn't react to better jobs news, insane market rallies and absurd stock valuations... On the opposite side of the coin, JJC advised on what to do if or when the Fed does start to tighten (basically, start going to cash on the first raise in rates, quicken the pace on the second raise in rates, and on the third raise in rates, run to cash in whatever remains of your trading portfolio and wait for better times)...

I think the advice is fairly sound, given that most investors didn't listen to the market's signals back in 1999/2000/2001 and lost a bundle in valuations...

Oh, JJC also said he thought that gold is at or very near a market top right now, but he's not a gold bug...

KJC