Surprising to me after 10 years no one's thought to tell Errol he's holding the chart upside down.
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Originally posted by wheatking16 View Post
We identified signs in January 2020 suggesting the stock market was preparing for a pullback.
As a result, we went to Bonds in January, as our analysis suggested the market was about to roll over.
The US stock market continued higher for another month until late February.
We are not seeing any of those same signs and are not seeing evidence of a recession or upcoming one.
Now, a recession will happen... sometime...but we are not seeing any indications of a market crash at this time.
Subject to change.
I picked out the particular months of 2020 only as examples of how someone trying to time the market could take a double financial shit kicking by selling to late and then buying back to late in just a matter of a month.
Where as someone who just held and did nothing came out of this Covid pullback just fine.
WheatKing, when did you cash in the Bonds and get back into the market?
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Originally posted by foragefarmer View Post
The late Feb to March 23/2020 pullback in the market was all covid related, so your move to get into Bonds in Jan 2020 was remarkable to say the least.
I picked out the particular months of 2020 only as examples of how someone trying to time the market could take a double financial shit kicking by selling to late and then buying back to late in just a matter of a month.
Where as someone who just held and did nothing came out of this Covid pullback just fine.
WheatKing, when did you cash in the Bonds and get back into the market?
That explains why I don't remember.
I let my bias of the news, etc., negatively impact my decision, and I had a poor entry.
Another lesson learned and hopefully not repeated.
I moved on.
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Originally posted by wheatking16 View Post
I don't know off-hand when we flipped back into equities, but I can assure you my timing was poorly executed and did not reenter soon enough.
That explains why I don't remember.
I let my bias of the news, etc., negatively impact my decision, and I had a poor entry.
Another lesson learned and hopefully not repeated.
I moved on.
Woulda, Coulda, Shoulda, really effects the brain.
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Bank of Canada rate cuts incoming. Friday’s dismal Cdn job losses in March sets-the-stage for a series of rate cuts beginning in June. Canada’s recession deepening . . . .
U.S. jobs was pumped-up on part-time work. Families forced to work multiple jobs as debt crisis intensifies. Gov’t credibility and support the stock market at-all-cost is really setting the stage for a meltdown (IMO).
Rates have to be cut ASAP. The U.S. economy is faltering.
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Canada can’t cut rates without killing our dollar. Canada is in a tough spot because US isn’t killing their golden geese and their dollar is stronger. Our idyot has got us in a fine pickle. Interest rates aren’t the monetary instrument anymore when a country is strangled by taxes. Remember the term, “crowding out”.
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