Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next
Author: rjf53 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19752  
Subject: Re: The Wheel of Fortune - Not Date: 9/21/2012 11:35 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
It's worth remembering that, over time, the direction of the market is up, not down, even though there is turbulence along the way.

Agreed.

Predicting a big decline in the market is hard to do, though, sooner or later, it will happen. A stopped clock is right every twelve hours. History shows you can wait a decade, or more, for a meaningful and severe downdraft.

I agree with this as well. But since my strategy is based on what has happened within my portfolio (which may or may not mirror the broader market)in reality it has nothing to do with "predicting" and everything to do with positioning myself for what can happen or to borrow a phrase from Don Rumsfeld the "known unknowns". Meanwhile, "meaningful" is a matter of perspective where often times even a 5% correction in indices can create much more "meaningful" opportunities with individual equities.

Also around 30% cash.

As I said I never viewed you as being conventional, :<)

B
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Ubiquiti Analysis
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement