has moved most his portfolio to bonds today....
"he just couldn't take it"
OUCH!!! The only worse thing he could do now is see the next pop and move back in......
Arg!!!!!
Wednesday, October 8, 2008
My civilian friend
Subscribe to:
Post Comments (Atom)
2 comments:
Ouch is right. But some folks are 100% invested all the time and they have no cash to put to work.
Eventually there has to be some snap back-- at least a few percent. Asia is going well so far, but they've had a blood bath.
IBM had good numbers, maybe tech, QQQQ
Energy is completely hammered. Really due.
Sentiment is worse than any time in history... all the way back to 1987.
It's gonna be hard to be long going into the weekend, but I may take out some positions.
Bear market rallies are tough to see... I'm still impressed with the call in July.
I'm still trying to get my brain around what has happend.
Like I said... this has all just been Par for the course as far as the things I trade.
40% volitility... Is just fun to me.
Be carefull still... have you looked at the 87 chart? I'd expect us to build a base like that. then do some rocket action next week with options expiration.
I say we hit 10000-10500, then retest.
Did you see the 1929 chart Brian posted.... I saw that sharp drop off at the end, then a hard bounce and a successful retest... that may be what we see...
We still aren't going anywhere.
we need jobs....
Post a Comment