Igy you are barking up the wrong tree. We here have been making money, buying AND selling—I sold in, agip sold in, idiot sold in, seattle sold in, I think Big Dog sold in, etc. Yes we still hold some things for various reasons, and we all know that a crash/correction could happen, but we are ok with it—same as are you for whatever you hold.
Although it would suck for most of us, we are ahead of the game having made money for the past 10 years, even if the market were to drop 50%—and even at that, probably none of us would have to realize those losses for a long time, if ever.
Your line is getting old even for me. I have been in-and-out over the past while, and have made a bucket of money that you didn’t. I still hold things on which there is unrealized gain, and if things tank I will either sell them at a profit or never sell them at all. What you are saying is not relevant to me, and seemingly not to any of us here.
The coming period, of supply and CHN disruption: it won’t really matter. If fundamentals mattered that much, nothing would be where it is now. Nobody cares if P/E’s rise a bit this year, because everybody knows the reason and thinks it is a one-off. Correction, at best—and it probably won’t happen until after the election.
The thing is that you are fascinating because you post on this nothing forum, so you probably aren’t paid to write what you do—yet you remain over-zealous, to your own detriment. Why are we in this game? To make money, keep it, and do worthwhile things with it. You seem to be lacking in the first.
EVERYONE is a market timer, including yourself. Some are better than others. You cannot credibly criticize a guy like seattle for successful timing on a time-scale shorter than your own. While his relative success is to be congratulated, your relative failure is to be lamented.
I know you will just recite your same mantra. Come on, man—I am on your side. Don’t trash others for their success. It makes you look like a loser. And a 50% drop wouldn’t change that.
Killed my legs skiing, taking the day off.