I moved half of my retirement package into a safer profile last month. How much safer remains to be seen. I'm thinking the hatches had better be battened down for awhile yet.
I moved as much out as practical. I’m not riding another one to the ground. Next move is to start thinking about how to dig back out and up someday.
Wonder how long it will be?
The media is in an outright feeding frenzy of gloom. Time to turn them off outright. There will probably not be any good news for a long time.
Every ass hole seems to be trying to make a more dismal picture than the last one.
I think this stuff in the UK is the next big thing that will hit the bricks. It will either eclipse the financial story or add to it.
My take is that the Dow will bottom at 3000 on this particular downswing. There will be a sharp snap-back rally to 4500 or 5000. Then will come the slow grinding decline to Dow 400, which will be the absolute bottom.