Like it’s not already here, and more so…..never even left.
I look forward to hearing of your “timely exits” somewhere along the way during the next 3 years of complete and total economic devastation. I can only imagine that you’ll “do as humans do” and hang on “right til the last penny of your investments” has been squeezed from you, then of course – sell at the absolute bottom.
Why must you endure months and likely “years” of pain watching your portfolios dwindle to nothing, only to “then” decide you’ve had too much and ditch at the lows?
That’s because you are a retail investor. You are ridiculously greedy, and “for the life of you” can’t sell with profits in hand as….you must get more, and more and MORE!
I spoke of long, dark red candles yesterday. I spoke of the setting sun in Japan “weeks ago”.
I SELL AT TOPS.
I BUY AT BOTTOMS.
When are you going to finally get this flipped around?
I’ll take a couple more in the Premium Services area as we’re moving along quite nicely now.
Hit me at : [email protected] as the service is still not available to the public at large.
Do you have an opinion as to where the S&P might drop to over the next few years? Around 1,000 or maybe re-test the lows of 2009, or even lower?? Quite a few people who saw a crash coming in 2008-2009 are thinking the worst is yet to come.
Do you have an opinion on where the S&P could bottom out at over the next few years?? 1,000 or lower?? Some folks who predicted the 08-09 mess are thinking the worst is yet to come.
The financal storm on the horizon will make 2008 look like a cool breeze.
Many feel that “The Central Banks” will never allow this to happen again…which is absolutely ridiculous, as they have no power over this.
When “global appetite for risk” wanes…..and flips over / hits the “fear button” there is no force in markets strong enough to withhold it.
The SP will “easily” retrace 60-75% of the run since 2008 touching levels such as 1318….1147 and lower.
Thanks for the posts Kong. I have really enjoyed reading your views (and those of your friend Dr. Roberts), over the last 6 months. As a boring equities guy I have mostly been in cash this year (in large part because of the things you’ve highlighted here). Of course their is still lots of FUD but your musings help bring some clarity in fitting together the pieces. It has been a long and bumpy road but patience is starting to pay off. Thanks for the ongoing reminders that things aren’t exactly what “they” seem.
Get off your ass then Jworthy!
What are you doing about it then? We’re on the other side of the mountain now! And your “mentors” have all gone tits up ( The Fly calling er quits – 32% for the year after literally “weeks” of warning / posts here).
No one survives in cash. Why can’t people wrap their heads around “trading both sides”??
I thought this was called “traaaaaaaading”!
“Investing” went out the door right around the same time “The Fed” cornered markets. How long will it take people to realize these are not “free markets”?
Thanks for the reply. I appreciate your refreshing perspective. And yeah man…
The Fly’s recent blow-up was unreal. It has been a slow motion train-wreck. Goes to show this high-speed momentum trading is pure gambling. And (no matter who you are), without some basic risk management and discipline… poof, you’re gone.
As for me? Well, what can I say. I know investing isn’t very “a la mode” these days. I guess It takes a special kind of weirdo to find pleasure in discounting future cash flows, – especially when “just buying the dip” has been such a great “strategy.”
I’ve persuaded my investors that buying puts is a smart approach we should try. Baby steps. But I’m trying to profit from the downside, since most stocks are really over-valued. It’s not as exciting as going super-long Yen or anything. But all that is still a little over my head. So baby steps for now.
All that to say, thank you for the encouragement to keep thinking, learning and trying new things.
Fly’s recent blow up was completely expected as he’s got nothing more than a single “fed induced” bias, and absolutely “no clue” what goes on beyond the walls of his Minnesota basement suite.
Anyone with even the smallest “shred of knowledge” of the world around them would have / could have / should have seen the down turn “long before retail” – Yet the Fly get’s trampled right along with the mom n pops. What does that tell you? He “is” mom n pop.
Investing on behalf of “million dollar clients”? Gimme a break. If so….he’d of been short along side me – weeks ago.
More snake oil, along with that “Gary” clown.
You’re a bright guy Jworthy, and I think it’s about time……
You can make these decisions for yourself. I know you can.
Do you have a near term expectation for gold, silver and miners?
If you’re an investor in gold / silver / miners then…..just go on holidays and look again come Aug.
If you’re a trader – you’ll have every opportunity to buy ALL – LOWER.
One of the largest problems investor / traders have is asking themselves…..WHICH ONE AM I?