Comments on Fund My Mutual Fund: Regional Banks Crushed

Staffing up the FDIC is a sign of things to come.

2008-07-14T16:45:00.000-04:00

Staffing up the FDIC is a sign of things to come.

It is very, very hard to predict these things with...

2008-07-14T15:09:00.000-04:00

It is very, very hard to predict these things with any degree of accuracy and this is from someone who tries to do that very thing-- time the market. In essence, we buy low and sell high or buy fear and sell greed. It works most of the time but for those times it doesn't you better have a strategy in place to reduce risk because they don't ring a bell to tell you that this time is different.

From my perspective, positions GLD and GDX have taken the bite out of the downside risk in my index equity positions. Also I don't go all in at one place or point in time.

But even then, if and when the rally gets started I probably won't even know it myself as "they" won't ring the bell for that one either!!!

Gold is making a move

2008-07-14T14:59:00.000-04:00

Gold is making a move

Guy - share those thoughts with you. Just let me ...

2008-07-14T14:33:00.000-04:00

Guy - share those thoughts with you. Just let me know when this elusive bounce begins. I'll be on cruise/snooze control until/if/when. :)

TM: Happy Monday! This is something I have been w...

2008-07-14T13:34:00.000-04:00

TM: Happy Monday! This is something I have been writing about for awhile and that is the mantra of "don't fight the Fed" has been and continues to be a losing strategy. When the Fed intervenes there is a short term psychological lift to the market but nothing else.

Remember back to the example I provided many months ago of a dying patient. We do our best to try and save them; we try this drug and that drug; eventually the numbers (blood pressure, heart rate, etc) look great but there is nothing left. That's where we are and have been for the last 12 months. No matter what the Fed does and no matter what medicine they have in their arsenal, the patient (the market) is not responding. Nature needs to take its course.

Having said that I still remain bullish for a bounce and this bounce should go maybe 4 to 6 weeks; THIS IS STILL A BEAR MARKET and I believe this bear can continue for another year at least. The risk to my short term forecast--if you want to call it that- is more downside as bear markets tend to produce deeper "oversolds" then the current environment.