I have mentioned that this is an annoying market as it grates on my nerves in not deciding what it wants to do. I am bullishly positioned (precious metals) with risk management, mostly in the form of high cash levels, in place.
Here is bear's bear Tim Knight over at SoH expressing in his usual eloquent way the view from the other side.
That Perpetual State of Disappointment
Stamina my friends; stamina.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Here is bear's bear Tim Knight over at SoH expressing in his usual eloquent way the view from the other side.
That Perpetual State of Disappointment
Stamina my friends; stamina.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I personally have been raising cash. Don't want to play a rigged game anymore. Going to keep 20% in juniors and 80% in USD. This market is impossible to win on the short side or the long side. The only winners are the brokerage firms taking our commission $$$$$. In my opinion, which doesn't mean anything, I think the SP500 should be at 500ish. I made up my mind that I will only go long when the SP500 has a dividend yield of at least 5%, preferably 6%. If that never happens, oh well. Don't need the headache anyway.
ReplyDeleteJunior Exploration stocks have been the worst sector of 2011, worse than the financial stocks. I doubled down on a lot of my holdings and that is it. I don't mind if they go to 0 as long as the global markets go down with it. I want the wall street employees begging for food.