Yea man, words to the wise..although I normally do not buy indiv stocks..looking at HSBC paying a big divi and will prob trade below 30 today..My short the S&P 500 (SH) would have paid off big today, but I did not have the ballz to buy it ...
Hi Ed, I am in agreement with what you wrote especially about no bargains out there, except for maybe volatility, and I wont play with that one. I feel/ think that precious metals are still a good hold, and if/ when things start to unravel it should be a good place to be. The question is will the markets continue to be propped up until the elections? It seems a fairly safe bet, but those are the bets that can really bite you in the proverbial #$%$. I am also mostly cash right now, I have some sub 1% CD's but I am able to sleep at night. This is truly uncharted territory. Please keep us in the loop as to your thoughts as they are appreciated (by me, and others I am sure..)
I am 10% above my cost right now, and this is in my SEP so I am willing to let this one ride..it is 7% of my total portfolio now. I am comfortable letting this one ride toward the teens...GLTY Ed and appreciate the input on this board. Please update as to your sector ideas as I have taken into consideration previously! Thx...Cheers!
I traded in and out of VDE for 15% although I am out right now, I just am not a fan of fossil fuels, and I usually only buy/trade what I believe in..Emerging markets were a quick flip too. Eddie V has had several good ideas previously (Short Russia, China, long energy etc.)....
I have stopped trading individual stocks but I have a watchlist a mile long still :).. I have decided to trade sectors when the opportunity appears, and go long the market after it corrects..until then I wait..still considering adding SH if the market makes a big move up..unsustainable IMHO
How mgmt could be that out of tune with FDA at that point in the process is unbelievable
Looking at the CAPE, the S&P is extremely overvalued. If not for the Fed, the S&P would be at true value of 1400 or less. Things are looking rather tired, and if not for pres elections, the drop would be well under way IMHO. Plus, the real economy is bad, only the stock market has really recovered.. I may be early but I do not think I am wrong. Best to you too!