Non-Tech : Kirk's Market Thoughts
SPY 280.47+0.4%Jul 17 5:05 PM EDTNews

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To: robert b furman who wrote (5411)1/2/2018 9:48:27 AM
From: Kirk ©4 Recommendations

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Ken Adams

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Weird. EVERY stock and ETF I own and follow on my one page summary at Fido is up! Only 12 min into the 2018 trading year but I was expecting some profit taking.

On TV Cramer said "wait for a pullback to buy" then rambled and said there was no point in paying up so wait for a 1% pullback. I felt like yelling "you moron, what if the market jumps 2% before it pulls back 1%?" Yeah, if you've ALREADY taken profits to be at your asset allocation target, then that is great advice.... but if you are in cash because all the bears scared you... they've been waiting for a bigger pullback while the market is up many, many times since the 666 low... or even the 1,000 level.... or even the 2000 level....
The BS noise we hear from so many on TV to sell their "advice" is deafening while the stuff I've been writing about for 20 years now is but a whisper.
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