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Somewhere in Time ... For Dow, Another 12-Year Low
Hi mikem: I don't really trust stocks right now, I am although still go w/ the flow but I would pull the trigger if stock drop another 10s% [probably be in 20s-30s% cash if this is the case]... regards
Reply to @Old_Joe: 1) These guys have to make a living producing 'column inches' for their editors. 2)Will Rogers had it right: "the price of wheat may go up...other other hand it might go down"...it is a priceless clip.
On the one hand you have Mauldin and Hussman, perrenial bears who suggest the world financial system is on the verge of collapse. On the other, you have some well-known pundits who are saying the sky is truly the limit for stocks in the months ahead. I pay lip service too all of these folks on the far ends. Yes, they are right every decade or so, or at least a part of what they predict sort of comes to pass.
But understand that all of them have an agenda. Mauldin's is to sell subscriptions to his newsletters and advice. Hussman's is to gather more assets for his funds. Gross' is to get in front of the camera as frequently as he can. Oops, I did not really say that, did I? Same goes for other commentators on both ends of the spectrum. All of these folks can and do cite history, political trends, and demographics in convincing fashion. But all of them leave out some compelling facts on the opposing views.
In the end, investors should try to think for themselves, establish some kind of portfolio allocation that is consistent with their risk tolerance, volatility tolerance, need for current income, and long-term goals. We had a participant in a 401k plan that we advise move significant dollars out of stocks and into TIPS and Treasuries just last week. With TIPS yields in negative numbers, and Treasuries actually losing value year to-date, this is not the action I would have recommended, but again, these are not my dollars.
Comments
http://www.kiplinger.com/columns/value/archive/3-reasons-the-bull-market-will-continue.html
"ditto
http://online.barrons.com/article/SB50001424052748704759704577265360531477348.html?mod=djembwr_h
regards
1) These guys have to make a living producing 'column inches' for their editors.
2)Will Rogers had it right: "the price of wheat may go up...other other hand it might go down"...it is a priceless clip.
But understand that all of them have an agenda. Mauldin's is to sell subscriptions to his newsletters and advice. Hussman's is to gather more assets for his funds. Gross' is to get in front of the camera as frequently as he can. Oops, I did not really say that, did I? Same goes for other commentators on both ends of the spectrum. All of these folks can and do cite history, political trends, and demographics in convincing fashion. But all of them leave out some compelling facts on the opposing views.
In the end, investors should try to think for themselves, establish some kind of portfolio allocation that is consistent with their risk tolerance, volatility tolerance, need for current income, and long-term goals. We had a participant in a 401k plan that we advise move significant dollars out of stocks and into TIPS and Treasuries just last week. With TIPS yields in negative numbers, and Treasuries actually losing value year to-date, this is not the action I would have recommended, but again, these are not my dollars.