My Private Msgs
-- Ignore unavailable to you. Want to
who wrote (
12/22/2011 12:11:41 AM
That's ok. You have a buy and hold approach which will most likely work based on historical evidence. There's old history and then there's new history. Buy and hold will be wrong if the new history becomes the old history. The new history is being defined by a ten year down trend which I have termed in the past as, "the major deflationary downtrend". I've also referred to the pseudo bull markets we get as "rallies up to the major deflationary downtrend". What is the historical dynamo driving this development? Socialism. It looks like socialism won't be ending any time soon, and so, there's a growing body of evidence that buy and hold approach is dead wrong. You'd have to sell and hold if socialism persists.
My post was directed to those who are active in markets for whatever reason. Active means take a position long or short until conditions indicate the position should be eliminated. This approach means possibly buying and selling something one knows over and over. What is accomplished? Defense. One might be substantially in cash when the Big Kahuna hits, or when an unfavorable earnings report wracks your entire portfolio.
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