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Cash maybe king now Think dows headed towards 12000 levels in 3 _4 wks few months?
American appears not doing well presently
New tropical storms in Atlantic Covid issues - not many Americans abide to stay home orders as recommended by Dr Fauci Civil unrests WW3 on the horizon due to Covid issues?
John, I fail to see how an article about various global tension points relates to going 100% to cash. The world has been awash with “tension points“ at least since the Roman Empire. (Do they teach history in schools anymore?)
Yes, the Dow at 12,000 is possible - but not likely IMHO. In 3-4 weeks? Surely you jest. But if it did hit 12,000 again I’d not only “back up the truck“. I’d buy an even bigger truck so I could haul away more.
What this all highlights is the risk of moving money around on a near daily basis based on a reading of what passes as “news.” There ought to be a loud disclaimer prominently displayed on every brokerage / fund company’s trading page: “Consider carefully before proceeding! This action may be harmful to your financial health.”
I talked to merrilledge advisor, they strongly recommended to stay the course and keep DCA /keep up with our plans. COVID-19 could be short term issues (3-6 months????)....once 2nd recovery ( reignited ) take place, market maybe heading toward greens again.
Comments
The world has been awash with “tension points“ at least since the Roman Empire. (Do they teach history in schools anymore?)
Yes, the Dow at 12,000 is possible - but not likely IMHO. In 3-4 weeks? Surely you jest. But if it did hit 12,000 again I’d not only “back up the truck“. I’d buy an even bigger truck so I could haul away more.
What this all highlights is the risk of moving money around on a near daily basis based on a reading of what passes as “news.” There ought to be a loud disclaimer prominently displayed on every brokerage / fund company’s trading page: “Consider carefully before proceeding! This action may be harmful to your financial health.”
hopefully we won't see 3rd wave in winter..
Actually, I just moved a bit from US cash to Int'l cash. As I said, just a bit on the margin, but the dollar is starting to smell.
and so it goes,
peace,
rono