Hi sam - it will be interesting to take a look back and see how...

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Eaglebird

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18/04/21

12:28

Post #: 52545452
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Originally posted by samcharlotte77: ↑

Im starting to feel its time to jump out of the market for a while and sit and watch.Fundamentals left the market a long time ago, and the market now purely trading on greed. Is scarry the Dow trading far above pre covid levels and purely rising on continual stimulus packages. Most sectors in the economy are still struggling and a return to pre covid revenue is still a long way off. I will jump out of the market next week at 34000 dow level and quite likely watch it rise a further 50 % to over 50000 points. My brokers feel there is still more left in the dow to run, but its starting to become bothersome when im to scared to open the email each morning from my brokers send reporting on the international markets. Seems to be far to many green days and not enough red ones. Is very few stocks trading on actual earnings and not post covid projected earnings. In saying that I will sell next week and watch the dow gain a further 50 %.

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Hi sam - it will be interesting to take a look back and see how it all played out, when we are 10 years down the track.
Totally understand where you are coming from. I moved into cash some years back waiting for a pullback but, I lost out on some good market gains; the timing is so hard to predict.
I was reading recently that more people miss out on market gains trying to time the 'crash' than if they actually stayed in and rode it out long term. It seems you have already considered that risk though
I'm staying in for a bit longer just yet but, watching everything very closely.
P.S. Love the STT Group
6 Upvote

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