Well, sometimes one has to take risks in a public forum. Or, nobody will care - eh...
So, me thinks that oft promised correction is nigh...
Will it be something like 2000 - 2002 or 2007 - 2009. Me not think so. More like mid-year 2011. A nice trading opportunity. But something to watch...
I am so confident in my crystal ball I intend to hold my current allocation. I am 55% in equities and 45% in bonds/cash. That kinda means it will take a 10% - 15% decline to zero out my gains for this year depending on how cash/bonds do. My bigger concern is bonds. Don't care much about stuff like July through August of 2011.
However, if my crappy crystal ball is wrong again I will still make money.
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