guess the plan is to jump on the equity bubble with everybody else. key is to make sure you have a chair when the music stops. nah, i'm going to cash. content to watch this one from the sidelines.
stay thirsty my friends.
The fed is pumping so much made up money into the economy that you can almost hear the Dollar losing purchasing power. Some people think they now have more "money", but their total purchasing power is less than before QE started. The poor are really getting squeezed, so now Obama wants to raise the minimum wage to account for the last purchasing power of the current wage. Doing so will further increase inflationary pressure as well as increase unemployment among the unskilled who work for min wage which turns taxpayers into entitlement program dependents Price freezes are next. Anybody with any understanding of history knows where that ends up. The ONLY thing that makes today better than 1976 is that the fracking revolution MAY make the US energy independent. At least OPEC can't squeeze us like they did back then.
it makes me cringe that obama is not smart enough to know where that extra 1.75 per hour is going to go. utilities, groceries, and communications companies to name a few. its not going to build any extra wealth for the min wagers, its just validation for the aforementioned sector companies to raise prices.
stay nimble my friends, crazy times,,,,remember the orig.body snatchers movie 1950's?
"every thing is fine, everything is fine, repeat the mantra" dems say "there is no deficit, no spending problem
and the repubs say "we are going bk and the end of the usa as we know it." only time will tell who was right.
IMO guys like you are the sustained rally's best friend. You'll be out, but it'll drive you crazy, and you help feed the market later, maybe even when it is less advantageous and the gains are harder to come by. I'm at about 40% cash, but I suspect a lot of that is going to buy on weakness. In my experience, the trend is up this year, and the weakness in precious metals shows it; you can almost feel them tottering. my biggest losers at the moment are mining stocks. The 16 year old is an actress and might have talent and intuition, especially where psychology is concerned; she can't be much worse than some of us! Grandma and the bell boy are far from being in the game right now. Also, and I've maintained this for years, the perception of improvement in the economy and markets can actually create the reality. Markets no longer reflect or predict the economy, the way they once did, they only influence the national mood.
Sentiment: Strong Buy
Saw this quote by Stanley Druckenmiller in an article today and it reminded me of your comment. "It's not a free market. It's not a clean market.... The market isn't saying anything about the future. It's saying there's a phony buyer of $19 billion of Treasurys a week."
Barney! I'vew watched the way you work. How long do you think you'll sit on 100% cash? LOL! Have you checked BFDI today? Tell you what, wait another five cents, then jump on it! Let me know when you act, so that I can sell my position down a bit!