I'm all for BTFD in any asset class but my gut feeling is that this is not the big one. I am extremely bearish on stocks right now. A lot depends on what happens over the next week and as you said, cautious buying is a good idea but for me personally I won't do it As the saying goes... when everyone is selling, you should be buying.
I find it amusing that everytime there is a big move (either direction) there is a big fuss. Have we all become specualative traders?
So what is the general consensus? Buy now, it is after all, a dip. Sell everything, it is all losing value so cut your loses Wait to buy, it is going to drop even further For what it is worth I am holding, not buying and not selling but that is due to lazyness and the fact I just blew a fortune on some toys from eBay. I could be persuaded to buy some gold or silver but probably not persuaded to sell any, I am in for the long haul after all.
I always have a "speculative" holding. I agree - this may not be the bottom. Sept/Oct is traditionally the really rocky time so when I said "cautiously" I meant "really cautiously". Set very careful stop losses and don't change them! As usual though - people are throwing the baby out with the bath water and some shares which will do well in a downturn are being discounted as well. malachii
I never hold shares long,only a few days so I never try to look ahead more than a week in shares..However I sleep well. I look at cycles and I think its going to be a big week for shares.Something big will happen.Maybe up,but most probably down big. But I'm often wrong,might be why I'm not rich.
Not me. I'm 10% cash, 90% metal. No debt. The fundamentals have not changed. The emperor still has no clothes.
Im waiting for a pullback in gold before i buy more, its had a big run lately so thats what im expecting, also have not been buying silver for a while
I would be happy if these cronies had no control over margin requirements. The only one that should be deciding the margin requirements is the lender to the person borrowing. If there was no margin then the cronies would have nothing to smack them with. Although this would see much more stable rises and falls across the board.
If that happened, you'd have a number of responsible margin lenders only dealing with people who can afford the risk/return and a bunch of cowboys letting people leverage up to a 99% LVR and getting wiped out as soon as the market turns against them. That would just make everything more volatile because there would be margin calls going out every few seconds and massive contract positions being dumped to cover them. As much as the COMEX sucks, at least everyone's on a level playing field with a standard margin requirement.
Actually, the last shares I bought were in the aftermath of the 2008 bloodbath (both personally and in my super fund).
