Albert Einstein once said that the definition of insanity was doing the same thing over and over again and expecting different results. Through that lens, the current course of fiscal and monetary policy is absolutely insane. Smart Money 11/18/09.
Currently i feel isolated. I keep telling people to sell there stocks and possibly enter short positions through SH, VXX, FAZ, and SRS. I have stopped emailing people with my recommendations and telling people what to do with thier money. Simply i look at them and nodd. If they ask i tell them, but they don't like my reponse. A few people have listened to me and sold and they now want to rebuy. Feeling like we are in a bull market. One thing i know from experience is,"Losing money hurts way more than missing out on a big move."
It all comes down to this! We are going to correct in the next month or two. Stocks go down way faster than they go up. So sell now and rebuy in september or october of next year.
Thursday, November 19, 2009
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