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To: bigbob

I signed up about a year ago because I was uncertain about the bull market and I still am. Fortunately I didn’t follow Lombardi’s doom and gloom. He touts predicting all the major bubbles which you will do if you predict it almost daily. While his statistics seem very plausible, the bottom line is neither he nor anyone else knows when the bull turns bear, but if you keep repeating it you can ultimately brag about how right you were.
What really grates on me, while he talks gloom, his other numerous services and staff promote the most unbelievable stocks and “finds” that may double your investment in, and I quote, “2-3 days”. Just buy another service and you can get rich buying in while he promotes selling all you own.
My advice would be to do your own due dilligence, follow reputable information from sources like Morningstar, Marketwatch, and others and then just keep and eye on the world. I don’t believe his crystal ball is in focus any more anyone else’s. The market will do a correction sometime and though I agree it may be a severe one, he will only be right be saying everyday that it will happen, and that’s what he does. Had I followed his advice a year ago I’d have missed a 40% gain.
My 2 bits.


12 posted on 11/29/2013 7:08:53 AM PST by Rahj55
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To: Rahj55
Sage advice. Can I buy your newsletter :-) Things will blow up sometime, but who knows when and what trigger that is. 2013 gone, 2014, 2015, ...Market is looking like everyone thinks it can only go up. Probably one protection strategy is if you've been a buy and hold with avg cost is to periodically reduce some holdings over time. Why don't they have an automatic divest plan on broker sites :-)? Anytime I tried to time a decline before it started, I usually lost money on ETF puts as a hedge in this Bull. Some other market guru convinced me the end is imminent in 2012 and he also called all the great declines ;-)
13 posted on 09/13/2014 1:07:05 PM PDT by BobbiedD
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