My advice was very clear go to 100% cash in the last week of December and still be there until the end of March. We are not at that date yet so the book is not closed on that advice but it sure appears to be pretty good. I fail to see how that was bad advice, you would have missed a substantial drop in the DOW as all my clients who follow me have. Maybe I should cut and past some of the thank you’s I have gotten in my emails from clients. I posted several seasonal price projections in my newsletter that all showed a possible low point in March, and one in May. Time will tell if they are right, but the cash position sure looks good right now.
I am a short term trader as anyone who has read my posts here would know. Also I have a audited record of superior returns, that you would not want to compare with yours, it showed $35,000 per futures contract profit for the year of 2007.
Can you show something better than that? it was second in the world I think for last year, with Commodity Timing being first. I am dead against long term investing and always have been. However I do hold some positions for 6 months or so, which I intend to do when I go back in here in the near future on the long side.
Sorry to disappoint you with the facts. Is there one other single person in here who goes on the record several months in advance and calls turning points and what they will do when they arrive? I called for an end of July high last year that was off by two weeks yet called it before the year started. I made that call in this blog along with the post that stated in was time to be in cash at the end of last year.
I correctly called the yields in Bonds last year which Adam can attest to, literally within a week or two of the highs and lows well in advance. It is clear to me I am not a fit here so I will lurk and make an occasional comment if any going forward.
Best wishes to you all, but I hope you do not miss the opportunities that are coming by being too scared to act. Fear sells tickets but does not help you become wealthy.
