I am quite serious about this. We can talk about this for days, but it will not change.
What are those events and how do you recognize each???
No. 1 -The period of time when the "powers that be—the well-informed insider" wants to exchange their stocks for your money, i.e., the market top.
No.2.—The period of time when the "powers that be—the well-informed insider" WANTS TO EXCHANGE THEIR MONEY FOR YOUR STOCK. The market bottom.
This is, of course, an over simplification of matters, however, it’s good to keep in mind when all you are hearing by the "talking heads" and press are things intended to simply scare the hell out of you and cause you to sell holdings that simply are half way to where they are going. Today is such a period of time.
We have had a very strong up move and need to slow/rest for a time before we make the MAD dash for the finish line—somewhere between Feb and May of 2009. As we all know, in any race the members all save energy to really pour on the coal to win the last 100 or so yards. THESE ARE ALWAYS THE FASTEST AND LARGEST PRECENTAGE GAINS.
The well-informed never, never want to pay the highest price, therefore when you are approaching this "Goldilocks" area they will, every time, create a small panic in order to scare holders into selling.
The general public, is still licking their wounds from 2000 to 2002 and continue to pour money in to money markets, CDs, saving accounts (all with yields that do not ever keep pace with inflation) all out of fear overruling greed. It has long been my conviction that GREED/CUPIDITY WILL OVERCOME ALL FEAR.
This will happen---when it does, we will already be out.
Thanks for reading,
Jack