What made the market rally today is that I sold everything and went totally to cash. My timing is always impeccably wrong.
Wonder what the market is going to do tomorrow after Zero’s speech.
Funny, I did very similar. I went 50% money market and 50% moderate risk portfolio...as usual, my timing sucks as well.
Oh well, I do not think it finalizes until the end of today. Plus after DUMBO speaks tonight, the market will drop another 600 points tomorrow...
“What made the market rally today is that I sold everything and went totally to cash. My timing is always impeccably wrong.”
Great minds think alike.
I wouldn’t count on the 4% growth by next year that Bernanke predicts...it will be about as reliable as all of Obama’s other promises.
By Summer 2010, Bernanke will say, “As I have always said...”
You won't be disappointed.