what will we call monday after dow falls 300+, page-28

  1. 47,086 Posts.
    Trump says: As luck would have it I'm out of everything right now.

    I don't think the high yields on some stocks is worth the risk right now, it all looks unstable, why chase an extra few percent at the risk of your capital ???


    This is a sensible stance if you believe the old saying "First of all, don't lose money." but there are always heroes out there who scorn prudence.

    I notice in another thread a couple of days ago:

    JeSSicaWaBBit
    Post #: 427913
    In Reply to msg: #427902
    IP: 103.6.xxx.xxx
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    Disclosure: Stock Held
    Views: 763


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    Its all looking a bit gloomy, I have decided to move 80% of my super from Australian Shares to Cash today.

    I think this might be the start of a correction.

    JW

    Avoiding a drop is as good as picking up a little gain so I think JW can be pleased and be comfortable waiting however long it takes for a re-entry.

    FWIW I see 2014 bringing possible small gains against a possible major correction. I don't like those odds. Without that Xmas rally things have been on the slide for a while now. Good stock pickers can do well in any market but those of us who make no such claims have every right to be cautious.
 
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