Don’t Lose Money While Waiting For Market Plunge
With the markets at delicate levels, one shouldn’t get too optimistic. Many of the under performers reversed early this summer, and have put on a stellar performance since the lows we saw earlier. Spain’s Ibex has been ove of the “leaders”. With IBEX; MIB and a few others hitting resistance levels, make sure to watch these indices, as they risk leading us lower short term. We agree with Biderman, don’t lose money while you wait for the market correction.
Today, my overall market strategy is to not lose money while waiting for the stock market to plunge. I have been providing unique investment research to professional investors since 1990 and what is more I am proud of my results. Originally a short seller, I started Liquidity TrimTabs in 1995 when I realized my shorts were no longer working because lots of corporate buying plus huge mutual fund inflows had been booming stock prices. Then at the end of 1999 I said stocks had to crash because there was not enough cash to buy all the new shares from IPOs and option conversions that would come to market in 2000. I was a few months early. In the summer of 2002 we called the ultimate market and economic bottom. From 2004 through October 2007 we were almost continuously bullish.