I hedged out all my longs by putting on new shorts today. I do not like the action of the market. However, I am not looking for a tremendous break on the downside.
Now that I have gone net flat, it probably means stocks are going higher.
0 comments? No extended cervicals?
How about, rally into midsummer, then down hard into fall (the test of the lows even Ray Dalio is waiting for)...
...and the Without Doubt It's Really Here This Time Final Final Buying Opportunity Of Your And Anybody Even Thinking Of Being Born Lifetime.
What a ride! Don't forget to breathe or you could
Running Amok In Fantasyland |
June 18, 2009 at 11:38 PM
You say, "I do not like the action of the market";
Sounds like a trader's statement.
As an investor I care little about short-term market moves; I think we are in a new bull market and the current consolidation is actually healthy.
June 23, 2009 at 02:13 PM
"Sounds like a trader's statement"
I agree 100%. Since I know Toro to be a sincerely and intensely dedicated investor, with great financial and global depth to his thinking, I take this to mean that, as far as "investing" is concerned, there is no there, there.
I wish you all the best with your "current consolidation is actually healthy", but I am dodging what I perceive as a 0.50" caliber bullet.
July 06, 2009 at 08:45 AM
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