Hey poolman, looks like you're chillin on the sidelines for a bit, good call. Any thoughts on an entry point back into equities?
100 G COB 11/3/23
Hi Nordic,
There are to many variables involved that could interest me to make a move on any given day. I have not seen or felt that feeling for awhile. I will say that if I where to move back into equities that I doubt I would remain in them for very long.
The fundamentals not only in the U.S. but for many different countries do not look good and therefore are probably still overpriced. Stock's to me do not look cheap. They are only worth but a buyer will pay for them. Selling intensifies selling and the same can be said for Buying.
I don't think investors have really started running for cover yet. We will know it when it happens and I think we have a ways to go still.
I'm looking for that Big panic day that shows itself before the 12:00 Noon IFT Cutoff time. The one where the Dow is down 5 or 6 hundred and it's 11:45 am. That will be the day I go all in and hope the next day or two we get a nice rally to sell into.
Job's number's are going to look worse and worse starting with the October numbers. That when the Shat is really going to Hit the Fan.
Poolman I agree with you in that stocks are not cheap, the downside risk is real and a possible retest of 666 might be in the works... I'm not sure where the ta believes the real bottom is but opportunities like this don't come along very often and I hope to be in cash and get close to catching near the bottom... a number of factors are coming together at once and the us consumer is going to hibernate until they feel better about jobs, themselves and the economy... the Fed has thrown enough money in the system and we are no better... Europe's banks are messy and the countries extravagant spending has left their economies and financial situations dire... we need to take the medicine now that we forced upon us for our stupid and foolhardy ways... it will be ugly and it needs to be cleansing and then maybe an opportunity will exist... DA FIREANT
Video is pretty interesting. He is talking about master levels and what to look for today and tomorrow and also for the rest of the week.
I am currently on vacation yea.....
It's a bit difficult to trade his advice within the TSP world, but I do monitor him on a daily basis, he's really good for the timeframe he plays, I wouldn't trade against him. He doesn't make predictions very often, when he does he's usually right, more so than most others.
Hi Kevin,
It looks like we are going to have to cut our vacation short and leave Friday instead of Sunday. Hurricane Irene is the problem here. Oh well You cannot fight mother nature but you sure can try to make the best of a bad situation by avoiding it.
I do have my new metal detector with me and I've used it a total of three times now. So far I have found a little over a dollar in change and my best find so far has been a 1946 Roosevelt silver dime in very good condition. I ended up buying a Minelab E-Trac. If any of you are interested there are a ton of You Tube videos on this machine. I also bought a Sun Ray X1 pointer that is Sweet. Total cost of machine and pointer and accessories was just under 2K.
Awesome Metal Detector... Big Learning Curve...
This is the machine I bought.
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