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SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 102
  • Posts: 5956
November 4th, 2019 at 6:32:19 AM permalink
Quote: 100xOdds

Jim Cramer says chart analysts calls the top for the S&P 500:
https://www.cnbc.com/2019/10/08/cramer-analyst-calls-a-top-in-the-sp-500-cruising-for-a-bruising.html

stocks will fall 10% soon, according to the expert.

this would be great for me.
while i wait for the fed to drop rates, the market falls.
after rates drop, my bonds will be worth more and stocks worth less.
sell bonds and go back into stocks.

sell high, buy low...



Glad I didn't listen to that 'expert'! Unless you consider a 7% GAIN in less than a month kind of like a 10% LOSS! It is so EASY for an 'expert' to throw out a prediction, one way or the other, and if it comes true yap on about all the 'signals' they saw, how their 'analysis' accurately predicted this..... And when they are 100% wrong they of course usually just say... NOTHING!

WoV portfolio now up 59%. More bond holdings at dismal 2% will cause me to lag the market if it keeps going up, but adds some safety if it does tank.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 102
  • Posts: 5956
November 9th, 2019 at 5:06:20 AM permalink
Hit 60%. In less than 6 years. I'm looking for one more stock pick from the forum. Throw me some suggestions.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 157
  • Posts: 7903
November 9th, 2019 at 8:11:51 AM permalink
Quote: SOOPOO

Hit 60%. In less than 6 years. I'm looking for one more stock pick from the forum. Throw me some suggestions.



Wait for Tesla to drop to around 275 and go heavy. Or, if you are into shorts, do it now and cash in on the way down as well.
Tanko
Tanko
Joined: Apr 22, 2013
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  • Posts: 974
November 9th, 2019 at 1:57:42 PM permalink
With the Fed again purchasing $60 billion a month in Treasury bills, and injecting another $120 billion per day into the overnight repo operations, I donít trust the market.

Been purchasing gold and bond etfs during this latest surge.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 102
  • Posts: 5956
November 9th, 2019 at 6:58:42 PM permalink
Thank you Billy and Tanko.

I already own Tesla. I also already own a gold mining stock. I won't buy a bond ETF. I prefer individual bonds, which I now own a bunch of.
I will consider increasing stake in Tesla or the gold stock.

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