frank90291

John Hussman: Defensive, With a Measure of Equanimity

I read Dr.Hussman every month..... a really smart guy!!
Government stats are interesting but what evidence is there that this dept is any better run than the post office or any other brain-dead gov agency...
My favorite economic indicators, which change hourly, are the number of homeless sleeping on the streets and the boardwalk in Venice Beach and the increase in the number white people working at McDonalds in black and Hispanic ghettos of Los Angeles....
We should all be able to explain why we own a particular stock or fund, otherwise we have no business buying the damned thing...
Why do I own GS? GS is the 9,000 lb gorilla, the great corruptor, the evil empire, the great Wall St shark... you name it... If the conspiracy guys out there want to know who will run the World, give GS a look.
Why do I own GLD? If anyone has a better, less volatile, more successful stock, ETF or fund for the last 4 years, please let me know...
Be sure to set your stops and get ready to pounce on TLT when it drops 20% or more...
Look out below!!!

Pullback on Monday?

all these technical analysts, clairvoyants and predictocrats remind me of the b-s the politicians and their spinners are foisting on the gullible............

these guys must all be trillionaires ..... LOL

Portfolio Preservation in a Down Market

"Buy and hold" is a sales gimmick.......
"Diversification" is a sales gimmick......
"Dollar cost averaging" is a sales gimmick but can be useful for many people in an IRA.........
"Efficient market theory" is nonsense........
Puts, calls, Cramer, Brinker and over 90% of mutual funds are BS... (ETF's are superior).........
Just be sure to set your "stops"....... an exit strategy is the most important thing in investing... IMHO
Buying individual stocks is for fools........ IMHO
KEEP IT VERRRRRY SIMPLE !!!!!

So We Find a Bottom - Then What?

Inflation? Deflation? Who knows? The monkeys on Wall St and in Washington sure don't know. They created the problem so why do ppl think they can fix it.
CASH is KING for quite a long time, believe it !!!

The Risk of Missing a Reentry When the Market Turns

400 day SMA for SPY
300 day SMA for EFA

However, I prefer to deal with more stable, well run countries such as Canada ( EWC 300dSMA ) and Switzerland (EWL and FXF ).

Keep it simple.........