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!
My Pleasure Ed, and thanks to you for posting up your ideas, they are helpful to me. Now, if we could just figure out where the trend is going...this may bounce around sideways for a while..or not!
indiv stocks..ugggh, made a ton on a few and lost a lot back, so I stopped that now that I am about 10 yrs from retirement..on another note, I find this guys tumbler really informative as far as charting and just an overall view of the market technically...Chris Ciovacco's tumbler..check it out if you don't already. Best to you
Hi Eddie, scaling back into the S&P?
Encouraging to see miners (of all types) participating
in this recent move up..My thoughts (again) are major indicies
very overvalued compared to historic norm. Can they go higher?
Compare Market cap, Debt, pipeline and the fact that PTCT is actually selling product... true the RTF is a setback, but 275 m market cap is ridiculous. Wall Street tends to overreact to the upside as well as the downside.
Originally it was listed as 3:54pm and if you look at it now it says 4:17pm (Company release was at 4:01pm) Something stinks bad, and I hope that Adam and Co. get jailed for it.
and sometimes this fund works better than gold miners.... like today..gdx down 2.7% and VGPMX is down .40 still a loss but I'll take it
Been nibbling on vde in the low and mid 70's, I am maxxed out on miners, but holding this until my target of 17.00 is reached. I hold all in my SEP and am thinking long term. IMHO the S&P is overvalued even after the "correction"..doesn't mean it can't go up and make new highs, but looks tired..GLTY too!