broadstone wrote:I don't understand why the board turns salty when people make educated decisions that happens to coincide with obvious red flag warning signs that are staring us right in our faces. The economy / financial markets could not sustain at those bullish levels, especially with our debt levels which are out of control. Personally I believe this is only the beginning of some very turbulent times. I just feel sorry for the retirees.
We turn salty because we've seen this EXACT same post numerous times over the years. "obvious red flag warning signs". We see that written every couple of months.
We've seen numerous 5%-10% drops, followed almost immediately by people claiming "Oh I went 100% cash last month. It was obvious this market could not sustain these levels. There were obvious red flag warning signs."
They ALWAYS got a out "a month ago" too... It was never "6 months ago".
We saw those posts at DOW 13,000 and at DOW 14,000 and at DOW 15,000 and at DOW 16,000, etc., etc., etc.
And then every time, the market would head north again, and those posters would disappear, never to post again.
I'm betting you would have disappeared too, but you may be the lucky one... Sooner or later, someone who claimed "obvious red flag warning signs" would be right...
Tell us when it's obvious to get back in. And NOT a month after the market is up 10%... "Oh, I went 100% stocks a month ago... It was obviously time to get back in... Didn't you guys see it?"
Get these calls right 2-3 times in row (both getting out and back in), and I may buy your newsletter.