OK the reason is, is that this point up to now is very very similar to the lead up to 1929 and as you can see from my posts I believe a retracement on the Dow to 7300 area is highly likley and possibly breaching 6,000.
We are in a different market to the 1920's and 30's in that we have a base level of investment of superannuation and FUM which are not liquid therefore there is "some base level" to which the market can drop.
I will not sell the shares because my personal strategy is to buy <10xPE's (+ good dividends) accumulate and add as the market falls averaging out the investment.
Yes, I am forecasting the market to fall... but there is a chance I may be wrong... and it may turn or flat-line... but it doesn't look that way does it?
To try and predict the markets is like tossing the coin... the law of proability and research would indicate if I threw the coin up 10 times, it will come down 5 times on tails and 5 times on heads...
But on the rare occasion the coin ends up on Tails 10X in a row.
