Couta, next week, or in 4 years (average time to recover from a crash should we get to a crash) or 25 years in the case of the 1929 crash. There is certainly a 20 per cent to 50 per cent correction looming. Is this it? No one knows
S&P 500 broke down a fair way below its 200 day MA today. Make of that what you will but I have been selectively raising cash and going more defensive.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
S&P 500 broke down a fair way below its 200 day MA today. Make of that what you will but I have been selectively raising cash and going more defensive.
I think the short terms odds are with you in the USA and its influence,(futures are up) because of the lollies in play from tax cuts .They seem to be in the ''greed is good''state of mind at this point..but there is still alot of risk,especially in the medium to long term. We know at some point it will come ,and with all the protective regulations thrown out the window,in exchange for short term gains.there is not going to be much to fall back on. And thats the whole problem with this somewhat loose canon over there across the water--It affects us all......
wild night again be time for bed soon lol im in 70% cash now and looking to go on holiday soon to much uncertainty now with all these terrible charts patterns world wide.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
time to bank a good chunk of me cash lol
I moved 30% into NZ and Global Bonds 3 months ago then watched the rest of my portfolio grow another 8% while my bonds languished. Should have moved to cash but oh well https://www.bloomberg.com/news/artic...in-for-markets
Bookmarks