Timing equities markets, I’ve found, is usually a losing proposition. The only thing I’d say here is that if you want to open a position, do it in increments. That’s a good move in up times, absolutely vital in these turbulent times.
Absolutely Correct. I don't recommend other people do it. I've been doing a long time ... and that was essentially part of my major in school several decades ago ... so I'm comfortable following the global markets and making moves at certain times. So I'm all good .. that's the reason I had already pulled out. At this point, technically, in ways an entry is already a "win". If ppl do nothing and ride out this market that means they have to go down before they go up. I've already skipped part of the down so let's say I jump in now (which I'm not going to do). I've already skipped the down and if I bought the same stuff I got out of I'll have more shares, and thus the "up" will be better than if I just held; irrelevant of how much farther it goes down. In the past couple years I've refined my trending analysis adding political and .VIX to it. In the past I added incidents like Greece to it, etc etc. All varying dependent upon individual stocks/market segment, vs funds, etc. But it's all just fun and games
Heeeeyyyyy, it's the happy anniversary of the Big One ehh? I wish I could find a silver round or bar that commemorates it. I seem to recall that there is an Art Bar commemorating Black Tuesday. I'll have to check my Art Bar book.
Oops smackdown today in the equities markets with a strengthening US Dollar Index silver down 7 cents Gold is up slightly $2.20, contrarian to the Dollar Index and my favorite Platinum down $3. I nearly bought some when it was in the mid $900s going down. LOL but the seller wasn't that motivated to sell .. it's been going down since too. I knew I should have bought those contrarian funds a week ago.
They should have named that zombuck Peter after the Mint mascot who got consumed by a mint press flywheel.
Yep, you got that right! Besides, silver isn't that low yet, at least not for me, but it's going in the right direction. https://www.ebay.com/itm/2015-U-S-A...:yxoAAOSwMO9bzUSS:rk:28:pf:0&autorefresh=true
The Wall Street Gods giveth and taketh away. That is the way it is now and has always been. Nothing new to see here.
You know the first one who develops a schizophrenic AI computer for forecasting wall street may end up ruling the world.
There you go, a schizophrenic robot. This is Gollum I have the bridge, sell, sell, sell. No, don't listen, this is Smeagol, I have the bridge, buy, buy, buy....
They could even have an AI retro robot of Jesse Livermore walking around with a pair of barber shears: "who needs a haircut?"
What wallstreet needs is: Happy Voices In Your Head Pride Week. Then the dow might go up a thousand points a day for the whole week.
Today, real quick ... Market is down and PMs PPI, which is the "news" today is as the economic indicators are pointing up to inflation. They calculated .6% instead of the estimated .2% although the Fed "expects further gradual increases in the target range for the federal-funds rate" they did leave rates steady at 2-2.25% US Dollar Index is UP and all this is driving SILVER and GOLD Man .. I might just have to use my CreditCard to get me some PMs and pay it off as my monthly cash surplus went to fix stuff. LOL @abuckmaster147 @LA_Geezer
CLAW I purchased some morgan dollars and there was a gold coin involved never owned any gold so I am CLAWLESS... except for some quick research..it is a 2 1/2 dollar 1906 bout the size a dime or so. liberty head one side...book says collector ask 225.00