Originally Posted by Buehler445:
Oof. I bet lots of fools stops got ran the last few days.
Yup, again goes to show why timing the market is just a fools game. And while I will use stop losses occasionally (to lock in gains on inflated stock), I only do it on a position I no longer want to own anyway. If you do it on a position you still want to keep, you end up buying back in at a higher price, using this week as an example. [Reply]
Originally Posted by lewdog:
Did some reading on the Golden Butterfly last night. I find that very interesting. Similar market gains but with 60%+ LESS volatility.
That looks interesting but I am not sure about this permanent portfolio business. 25% cash and 25% gold?? I haven't read into a lot yet but I surely do not like that. [Reply]
Originally Posted by petegz28:
That looks interesting but I am not sure about this permanent portfolio business. 25% cash and 25% gold?? I haven't read into a lot yet but I surely do not like that.
Market is about 5 ticks away from some fast selling if we break negative...and as I type this, there it goes......
it's trying to hold at yesterday's close which is also the 200 day SMA ....that might hold it up .....but it being Friday makes me nervous about that holding for long [Reply]
Originally Posted by Buehler445:
I’d be out on anything that requires gold.
My thoughts exactly but Gold’s shown to be similar to an “inverse” equities position without having to be in a more volatile inverse fund. You can see the numbers about how gold will offset equities losses in major downturns. [Reply]
Originally Posted by lewdog:
My thoughts exactly but Gold’s shown to be similar to an “inverse” equities position without having to be in a more volatile inverse fund. You can see the numbers about how gold will offset equities losses in major downturns.
I've never liked gold simply because it is a pure "trade". I have never seen gold as an "investment". Too often it's flat money that pays little if any dividends at all. [Reply]
Gonna have a fairly decent finish maybe....the last leg down was rather weak and we saw a good bounce off of that and the 200 day held. That's a good sign going into the weekend. There was every excuse for people to dump out in fear of Monday. Still lost about half of the gains for the day though. And we are not done selling. I am seeing continued selling for a bit.
Unless something happens I would say start prepping for election concerns. [Reply]
