Thursday, September 22, 2011

BEAR IS BACK, BE WARNED

Today the market saw a SURGE in volume, and a 2nd consecutive 90% down volume day. This is not run of the mill bull mkt shake out, this is....do you want to stay around and see your portfolio shrink like a scared turtle?

Does being diversified help? to some extent maybe, but when the baby flies by with the bath water....just like floats all boats.....a bear can sink all ships...NOWHERE TO HIDE.

I like to AVOID a bear puckering 40% draw down, call me crazy. AS 2009 showed, you CANNOT stay like a scared kitten forever, BEARS lay out true values....mkt got overvalued again. NO ONE on TV warned take your profits, be careful. NO all those jerks kept telling to keep buying.

The stench from the TV advice man fills your nostrils right through the ethernet....go ahead dip buyer, make my day.....stocks will go MUCH lower before this is all said and down IMHO.

Those FULLY invested have and will feel severe pain, IMHO YOU NEED CASH to buy bargains...how do you do that if you NEVER COME OUT?

D

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