The CNBC "yappers" have just said that, "The Dow Is having Its Wose Day in a Month..."
Marc Faber is saying that the odds of a global recession is 100%.
Sounds like a lot of grumbling and little rumbling. Yes, I'm concerned about the deficit here and globally, but I'm NOT going to begin digging holes into darkness for safety.
NUAN is doing a remarkable job, currently, of doing just what its supposed to do. NUAN is NOT having its wose day in a month, is it?
Just watch your stock holdings; if things become more than you can handle, sell a little---if you think they'll get worse-sell a bit more, until you are at a comfortable level and can sleep at night.
Sometimes, having more ca$h than stock can be the best spot to be sitting and observing from. Personally, I think we're a long way from Armageddon...that's the view from today's current vantage point.
Tomorrow? Next month, six months? Who knows!? These folks on t.v. get paid to turn over every stone and extrapolate what-could-be's. That's how they keep you watching their t.v. shows and doing that is how they earn their daily bread and keep their jobs.
They are not in the truth business; they love a good rumor to get insecure folks worked up about their financial matters. Again, that's good for "viewship".
Learn how the market works, use your own mind and be guided by your best judgement. This way, you're not relying on "people out there" who have all sorts of agendas to tell you what's "right" and what's "wrong".
The greatest of these agendas is to separate you from your hard-earned capital...
Opal, you said exactly what I wanted to say. If you notice, CNBC is dying on the vine. I'm even losing interest in those clowns when in months/years past, I'd be glued to it at 3 am until I went to work! They got nothin anymore! Oh ya...The Donald on Tuesday morning:). My bad! I'm content with my NUAN and Corona Del Mar ain't far away!
I think I'd disagree with the position that "we're a long way from Armageddon...that's the view from today's current vantage point." The market is up nicely, thank you, from it's 2009 lows, and appears to possibly be topping out. If so, serious damage could lie ahead.
As for NUAN, I agree with you as to it's value as an investment that might weather a storm. Actually, I'm 50% in cash now, with 25% in a defensive diversified fund (PAUDX), and the other 25% in NUAN.
Holding for now. If NUAN is able to move close to the $30 area on no news, and the global outlook does not improve, I will probably sell hoping to get back in later.