I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
