Ya Don't Slow Down, Ya Never Grow Old. ----- Tom Petty . . . . I'll Let Ya Know How It Works Out....
Saturday, May 21, 2011, 02:25 AM
"If you keep thinking about what you want to do or what you hope will happen, you don't do it, and it won't happen."
-- Joe DiMaggio
http://www.ritholtz.com/blog/2011/05/ha ... h-fer-two/
We got a lower high and a lower low and a close under the 50 day MA. And I got to 99+% Met Life Stable Value Fund... Now I wait....
What it all means...
Going from 95 % stock to all cash was a good idea, well timed.
This is an example of having all your boats in the water when the wind and the currents are working for you (9/10 to 5/11) and seeking shelter when conditions get sketchy (last coupla weeks).
I can't tell the future, I'm not privy to the conversations at the highest levels of business and government, I don't have inside information, and I still have title to my soul.
I do, however possess a certain degree of perceptivity and ratiocination such that I can see what is in front of me and figure out what I'm looking at. That's all ya really need...
http://www.theatlantic.com/infocus/2011 ... 071/#img07
http://www.ritholtz.com/blog/2011/05/al ... 0-day-m-a/
http://www.ritholtz.com/blog/2011/05/ne ... more-66061
http://www.investingwithoptions.com/201 ... at-the-sp/
Tuesday Eve...
A "V" Shaped bounce looks less likely. I'm positioned for some serious down side. I may not get it. This might just be a brief pause while some temporary issues or seasonality are worked out. Or it could be the start of a significant down draft ending 10% to 25% down with a huge wash out amid chaos and despair...
Either way, I'll buy when I like what I see.
http://blogs.wsj.com/marketbeat/2011/05 ... defaulted/
As High Frequency Economics says today: “Underlying problems of over-borrowed nations are not fixed by lending them more money.”
Stay Tooned...
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