10%-15%? My advise: never, never, never try to catch the last 10%. "amount of cash on corporate balance sheets", how said the corporations will invest the cash positions, just because they have huge amount of cash? They keep saying this for years! Investment depends on an investment friendly environment. Below $1,300 gold, about 30 to 40 percent of mine production is not cash-flow positive and under $1,200 gold more than 50% of the world miners will not be cash-positive. They are rushing to hedge the current POG, which will put more pressure on miners.
I was long since 2009 and now I am short stocks (new), bonds, gold, silver, gold miners, silver miners and long dollar, oil, gas, sugar. If there is a correction like 6%+ I will keep my equity shorts… otherwise I will re-evaluate my equity short position.
My point?! You brought that point with new FED chairman. My counterargument is: a FED chairman can't avoid a market crash (see the history). What aggravates the whole story: there are people thinking... that FED can create jobs and increase GDP!
but remember! A new FED chairman started @ Aug 11 1987 and the SP500 was @333.33. By Aug 25, 2 weeks later the SP500 tops @336.77. Oct 20 1987 the SP500 went under 220.
The last time I made a short call was Dec 11, 2007. http://finance.yahoo.com/mbview/threadview/;_ylt=Ai4D7.gUtHbe0Xh7s4hD_djeAohG;_ylu=X3oDMTB1MjdmYThjBHBvcwM5BHNlYwNNZWRpYU1zZ0JvYXJkc1hIUlVsdA--;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=8d3215ae-9759-3264-ad65-29613774a038&tid=1197407573000-40f5057b-1737-3cfd-8e4a-5e2d6f3dc522
Late in the 2009 I said to buy equities again, but not ELON. Now I get a similar call.
Hey, maybe I am dumb#$%$!
Retired from speculation on single #$%$ stocks... but not dead
"not sure why you think anyone on this board cares about your opinions.."
You. Ok, that was easy.
"Because the markets are up 20% this year, you're making the "grand call" of the pullback"
Hey, besides what our mommies said... You are genius too! :-))
I am not talking about ELON. I am talking about the global equity market. I don't know if you realized, but ELON has nothing to do with the markets anymore. http://finance.yahoo.com/q/bc?t=1y&s=ELON&l=on&z=l&q=l&c=&ql=1&c=%5EIXIC
Did you remember when I got the same call in 2007/2008. I get the same signal again... and that means everything will go down. I tought... I should share with you... my friends.
P.S. I decided to launch an offshore global hedge fund during the year of 2014/2015.