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I agree with both you, and Stockman. The problem is timing it. I was convinced in 2009 that the bounce off the bottom back to around S&P 1,200 was going to be the new normal. I moved to cash and sat on it for, well....too long. We all saw what happened next. The bubble not only defied gravity, but it drifted into the stratosphere as the S&P went from 680 to 1,200 to 2,100.
The funny (not in a good way) thing is, I still think I (we) are right. And I joke with my friends that I will EVENTUALLY be right, LOL. But by that time, how much will you have lost by sitting on the sidelines waiting for "it" to happen? My friends say that they find it interesting that I am not willing to "gamble" in the biggest casino game in the world (the stock market), and that by somehow sitting on the sidelines feel as if I am NOT gambling, LOL! Very insightful when you really stop and think about these strategies.
JA
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John
- '70/73 RS Spec Coupe (Sold)
- '04 GT3 (Sold)
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