Originally Posted by
CVG767A
Looking at the Dow, NASDAQ, and the S&P500, they all bottomed on or about October 3rd, but they had pretty much gotten to the bottom already. Hardly a cliff. Anyone who went from equities into cash then, fearing a "cliff", has locked in their losses.
TNA has had a good run since then, but that kind of investing isn't for the faint of heart.
Exactly. The DOW dropped a little over 2% on October 3. I don't think that would be most people's definition of a "cliff."
Scambo, I'm not trying to pick on you... but when you're wrong, it's better to just fess up. This is what you wrote on October 2, 2011: "The market is going to fall off a cliff within the next 2 weeks... sooner rather than later." You didn't say, "I think the market is going to go down 2+%." You said, "the market is going to fall off a cliff." Big difference.
In any case, I'm glad you are doing well with your investments. And I think discussion on this topic is good from time to time. I'm not trying to criticize what you're doing. And I'm not trying to get into a **** measuring contest. I like what I'm doing. You don't. That's part of what makes a market, right?