Re: Rod's Account Talk
Posted last Friday on 8 Jan:
Originally Posted by
Rod
Since the election, there has been only a handful of days when we've had a selloff. A few days at best, really. I don't like it when Mr. Market ignores "events" going on around it. And that's all I will say as far as "events" are concerned. From my experience, however, this usually signals a major shift in the market that is about to occur. I don't know what the catalyst will be, or when it will occur. But, I believe it is coming sooner rather than later.
Posted on Monday, 11 Jan:
Of all the times I've cried, "wolf", a correction (and even crash) showed up shortly the majority of those times. I am now crying wolf again. Now, you might instead "cry foul." But, I would not want my TSP exposed to Mr. Market between now and 20 Jan, and perhaps even the remainder of January. The risks outweigh the rewards. At any rate, I wish you the best with your investments!
When I made the above posts (especially on 8 Jan) we were essentially in the midst of a 4-week winning streak. Every week since 14-18 Dec through 8 Jan was a winning week for the indices except for the S&P during 21-24 Dec when it finished down @ 0.17%.
We end this week with the highest weekly loss since 26-30 Oct. Of course, more pain is needed for Mr. Market to fully digest this post-election rally. Therefore, I expect more pain. We shall see how this plays out. Good luck with your investments!
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
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