DEP , this a quote from 2yrs back....still the same....: Topic Last post Action Re:Re:Re:Re:Re:Re:Re:New Mayan era......... by DEP on 03 Jan 08:35 Here is the full quote: "The way of a fool is right in his own eyes, but a wise man listens to advice." 03 Jan 08:35 [Reply] [Zoom Out] Re:Re:Re:Re:Re:Re:Re:Re:New Mayan era......... by Rams on 03 Jan 09:08 only fools listen to advice, wise men listen to the market Re:Re:Re:Re:Re:Re:Re:Re:Re:New Mayan era......... by Preston on 03 Jan 10:42 And Rams listening to calls .....hahaha
I have no idea where the herd is going, not really interested either .. I just trade the price
DEP as I said, you're right we will have a correction (105, 20%,30%, heck maybe 50%) .. but what I have learnt since my first market crash in 1987 (and it been a long slow lesson) is not to worry about it .. it'll come, everybody will be surprised except for those who say I told you so .. and they did, repeatedly, all the way during the bull market ..
yeah, short term markets can run on "Hot Steam" but medium to long term markets align to fundamentals. We outside fundamentals at the moment. You a clever boy -- just look at global and international ratios.
I recall over the years that people always try to call the markets when its making new highs, I am not saying it will not correct, but I have spoken to people since January that believed this was the case... I just think one shouldn't sellout while the run is strong, this way you will loose out... Well my strategy doesn't do this atleast... I like Simon's view, while the system shows you should be in the market, you should be in...
Yes, a correction is looming, we all know that. I must say, I also believed the time was right for this to happen, but who knows where all that $ billion and billions that the Fed is printing will end up. Some will most definately end up on our market, and that could take us to hights no one ever imagined possible. Yes, it will end up in tears eventually, but timing that could be more costly then just going with the flow + some risk protection. Currently the bulls are in command, and it looks like we'll be seeing new highs pretty soon. I'm tired of wondering how the US will pay their debt. The short answer is I think they won't ever repay it. The system is rigged in their favour and they will continue to manipulate it to their advantage for many, many years to come. No use figting this system. Rather make money off it while you can, and abandon it when the your risk protection triggers. Remember that after a correction what billions and billions of $ will look for a new home, and they will recover that correction sooner that you can spell it. The world is $ flush. It's an unhealthy situation, but so be it.
That wont work for me... I cant blindly get into stocks just because of momentum. I have even change my RA portfolios from various equities to stable / cautious funds - something I have never done in the past 13 years. Thats me - and the less people agree with me the better - i guess that makes me a contrarian investor :)