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Won't try to guess the market direction, I am usually wrong. Would be nice if it keeps booming for the next decade.
But love those quotes by market legends.
Won't try to guess the market direction, I am usually wrong. Would be nice if it keeps booming for the next decade.Maybe some of these quotes are worth considering when playing the guessing game. Plus making sure we always remember cash is king in the end: As never mind what it is including cryptocurrencies it is always related to cash in the end. Being short of cash or negative must be avoided.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
"I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over." — Warren Buffett
"The biggest risk of all is not taking one." — Mellody Hobson
"The four most dangerous words in investing are, it’s different this time." — Sir John Templeton
"Wide diversification is only required when investors do not understand what they are doing." — Warren Buffett
"The most contrarian thing of all is not to oppose the crowd but to think for yourself." — Peter Thiel
"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch
Meanwhile in China:Well the attachment speaks a thousand words ? liquid squeeze? Not looking good ?
The government announced a 50 basis point reduction in its reserve requirement ratio, effective from this Thursday, which should add about 1 trillion yuan ($210 billion) of liquidity to its banking system.
Was reading the same.Meanwhile in China:
Does China know something the rest of the world doesn’t?
China’s change to its monetary policy has raised questions about just how concerned it is about its slowing economy.www.smh.com.au
Seems like an interesting coincidence with timing?
How can anyone not look at the second chart and see that the market is probably 1,000 over valued ? I’m not a TA chart reader (anymore) however really, would anyone not be surprised if we had a 20%-25% drop ?Well SPX has almost reached upper trendline. What now? Long term Delta chart suggestes time is almost up and trend must change unView attachment 127506til down fo the rest of the year....
View attachment 127507
Bith?.. English as a foreign language....How can anyone not look at the second chart and see that the market is probably 1,000 over valued ? I’m not a TA chart reader (anymore) however really, would anyone not be surprised if we had a 20%-25% drop ?
I’m certainly getting scared. I reduced my stock holdings on Monday and have 1 to 1.5 years in cash. ‘A bird in the hand’.
Yes I may be missing some growth, and realised some CGT, but happy to take some good gains off the table after the last 15 months (BTD last year) and maybe BTD if there is a, say 15% drop.
Not quite sleepless nights but a bit concerned now.
Gunnerguy.
(FOMO << BITH)
Talking about timing, strange coincidence all these variants seemed to arrive just in time for worldwide vaccine rollouts....If the market does dump, I doubt it'll be for that reason.
Currently, everyones' heads are spinning over the delta variant.
Delta could be the trigger, so we should tread carefully I guess.If the market does dump, I doubt it'll be for that reason.
Currently, everyones' heads are spinning over the delta variant.
Likewise.I am going about things as normal, still researching companies and buying stocks since it's bull market until proven otherwise.
Great, the important thing is that you have that protection in place. Me too, except some long term holdings such as dividend paying TLS, AGL and those in Medium/Longer Term Stock Portfolio that I will hold through a downturn or sell at my own discretion due to change of market conditions.Likewise.
I’m presently over 94% in stocks and 5% in USD but if circumstances change then I’ll be out, every share has a stop loss set.
I just noted that i am 50% cash with my systems, so not a decision made, just buy switched off by programs.Great, the important thing is that you have that protection in place. Me too, except some long term holdings such as dividend paying TLS, AGL and those in Medium/Longer Term Stock Portfolio that I will hold through a downturn or sell at my own discretion due to change of market conditions.
I have a smaller % invested in the market at the moment as I have sold out of several stocks recently. But there is no reason to hold back on deploying those funds as opportunities arise in the market. Until all hell breaks loose...
Bird in the handBith?.. English as a foreign language....
FOMO << BITH ....Bith?.. English as a foreign language....
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