Posted by marketguy on 4th of Nov 2011 at 01:11 pm
wrong but I just emailed my friends and family this afternoon to
be "very" careful with stock/mutual fund investments right now as I
think there could be very significant downside in the mkts (and
"soon")....
I caveated the above that if the SPX closes back above 1275 then
I'll re-think things but until then I believe we could be
approached something very, very serious....
It's hard to stop yourself when you see something scary that
others don't. I too warned some people a couple of years ago.
It did more harm than good. Those who panicked and sold, sat out
several nice rallies since. Not too happy with me. Others came away
thinking I'm nuts, and still don't understand what the problem
is.
People needs context to make sense out of your warnings.
And everybody needs humility, because it's impossible to foresee
exactly how and when this plays out. As we bears know.
Posted by marketguy on 4th of Nov 2011 at 01:33 pm
yep....worded it with much caution "but" also over 1275 then
ignore my warnings....worse that happens is they lose a couple
percent to the upside where the downside could be 10-20 times
that.....
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could be....
Posted by marketguy on 4th of Nov 2011 at 01:11 pm
wrong but I just emailed my friends and family this afternoon to be "very" careful with stock/mutual fund investments right now as I think there could be very significant downside in the mkts (and "soon")....
I caveated the above that if the SPX closes back above 1275 then I'll re-think things but until then I believe we could be approached something very, very serious....
imho....
MG
Hooboy
Posted by sankaty on 4th of Nov 2011 at 01:21 pm
It's hard to stop yourself when you see something scary that others don't. I too warned some people a couple of years ago. It did more harm than good. Those who panicked and sold, sat out several nice rallies since. Not too happy with me. Others came away thinking I'm nuts, and still don't understand what the problem is.
People needs context to make sense out of your warnings.
And everybody needs humility, because it's impossible to foresee exactly how and when this plays out. As we bears know.
yep....worded it with much caution
Posted by marketguy on 4th of Nov 2011 at 01:33 pm
yep....worded it with much caution "but" also over 1275 then ignore my warnings....worse that happens is they lose a couple percent to the upside where the downside could be 10-20 times that.....