Worth reading: latest from Robert Prechter

[CA renter]

[quote=cyphire]Medium term Prechter is right. I also, from reading his works, as well as a sampling of a lot of other information which is out there have decided to pull the plug on all my muni bonds. Lets face it, getting 2.2% per year on %60 of my investments isn’t worth the risk of any future calamities which I see coming.

We have all the signs of a massive meltdown in the markets and the financial world, but as usual, most people see the signs and ignore the implications. I’m not doing it this time. Am I afraid that by getting out of stocks and bonds I will miss a recovery? NO WAY! We aren’t getting better, there will be no medium term recovery, but we might get pops up and down between 9K and 11K in the DOW (which is a worthless measure anyway)… So I consider my loss of income and moving to cash an insurance policy and a bet that deflation will continue as housing, employment, and then markets crash…[/quote]

We’re in the same boat.

Good luck! 🙂

[sdrealtor]

Me too! I’ve been mostly out of the market since August 2007. I have made a few opportunistic trades taking advantage of the market psychology by jumping in after big drops and selling out a week or two later after things recover. I went all in at the market close on Friday July 2nd and then all out at the close on Fridayt July 9th. Made 5.35% on my retirement portfolio for a weeks work. Not bad and I’m all cash again.

[sdrealtor]

Me too! I’ve been mostly out of the market since August 2007. I have made a few opportunistic trades taking advantage of the market psychology by jumping in after big drops and selling out a week or two later after things recover. I went all in at the market close on Friday July 2nd and then all out at the close on Fridayt July 9th. Made 5.35% on my retirement portfolio for a weeks work. Not bad and I’m all cash again.

[sdrealtor]

Me too! I’ve been mostly out of the market since August 2007. I have made a few opportunistic trades taking advantage of the market psychology by jumping in after big drops and selling out a week or two later after things recover. I went all in at the market close on Friday July 2nd and then all out at the close on Fridayt July 9th. Made 5.35% on my retirement portfolio for a weeks work. Not bad and I’m all cash again.

[sdrealtor]

Me too! I’ve been mostly out of the market since August 2007. I have made a few opportunistic trades taking advantage of the market psychology by jumping in after big drops and selling out a week or two later after things recover. I went all in at the market close on Friday July 2nd and then all out at the close on Fridayt July 9th. Made 5.35% on my retirement portfolio for a weeks work. Not bad and I’m all cash again.

[sdrealtor]

Me too! I’ve been mostly out of the market since August 2007. I have made a few opportunistic trades taking advantage of the market psychology by jumping in after big drops and selling out a week or two later after things recover. I went all in at the market close on Friday July 2nd and then all out at the close on Fridayt July 9th. Made 5.35% on my retirement portfolio for a weeks work. Not bad and I’m all cash again.

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[cyphire]

Well lets see how it goes… so far it’s sdrealtor, cyphire, and renter…. we are in cash and looking at deflation!

[Author]

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