Well fellow Stackeratti, I was wrong. I picked the August breakout, but that faltered. I was expecting the pre-Christmas and pre-Easter rises that would result in the post-Easter smackdown. They did not come about.
Where was I wrong? I think the Fed is following my every move, pumping money into the economy, keeping the stock market buoyant against all price/earnings ratios. This of course is keeping everything, "steady as she goes" much longer than would normally be sustainable.
The outcome? I'm still bearish on the economy. I think when it crashes, it will be more profound than the GFC, but perhaps not as bad as the Depression. In the meantime, stackers have never had it so good, sub $24 for over 6 months! Meantime my position is strong, I cannot find enough fifties to buy, I may have to invest funds into my "Good time Charlie boy" persona to disperse my fiat.
So yes my timing was wrong but my sentiments are strong, so I'll carry on stacking, knowing that worse is still to come.
Where was I wrong? I think the Fed is following my every move, pumping money into the economy, keeping the stock market buoyant against all price/earnings ratios. This of course is keeping everything, "steady as she goes" much longer than would normally be sustainable.
The outcome? I'm still bearish on the economy. I think when it crashes, it will be more profound than the GFC, but perhaps not as bad as the Depression. In the meantime, stackers have never had it so good, sub $24 for over 6 months! Meantime my position is strong, I cannot find enough fifties to buy, I may have to invest funds into my "Good time Charlie boy" persona to disperse my fiat.
So yes my timing was wrong but my sentiments are strong, so I'll carry on stacking, knowing that worse is still to come.