response to ninelives, page-6

JK5

I've already made know my position regarding investing in the market - ie I don't believe that the market should be considered as a quasi bank that will always generate a return.

Everyone has their own risk tolerance and point of view. It's just one of those personal things. Many point to the fact that over time, markets always go up - I would guess that there are many who have invested in the U.S. market over the last decade would disagree.

Back in May, I did warn that I thought we were potentially seeing a significant high that would not be revisited for a while and that another important low was due at the end of June.

My posts on HC are about my own expectations that may or may not play out. I just hope that my posts may be helpful to some ....and they also serve as a means of confirming my thoughts and perhaps those of other regular posters on this thread.

Fwiw - I have not invested in any shares (other than an occasional quick day trade) since last year and my super is still collecting interest. That's just my style - I don't like trying to pick bottoms and don't gamble with money that I don't mind losing. I did well out of the recent bull market and am happy to wait for the next one.

Anyway - trading the SPX is fun. :)