ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Good for you. I'm just not ready yet.

I have been searching, reading, and learning as much as I can lately. I happened to catch an interview with Warren Buffet a week or so back, and learned about an indicator he holds in high regard.

https://www.fool.com/investing/2018/05/04/4-things-to-watch-for-at-berkshire-hathaways-2018.aspx

Comments about the cash problem
At the end of 2017, Berkshire Hathaway's cash hoard had swelled to roughly $116 billion. And although the company's first-quarter earnings haven't been announced as of this writing, I expect that this number is significantly higher now. While this isn't the worst problem to have, it's still a problem.

Simply put, Buffett and his team would love to find ways to put this money to work, but high stock valuations and a robust economy have made finding attractively priced opportunities difficult, especially on a scale that could have a meaningful impact on Berkshire's bottom line.

There are four main ways Berkshire could deploy its cash. It could acquire businesses, buy stocks, buy back shares, or pay a dividend for the first time in roughly 50 years. I'll be watching for any comments that indicate which direction the company may take.

http://time.com/money/4947363/warren-buffett-stock-market-indicator/

https://www.gurufocus.com/stock-market-valuations.php

https://ycharts.com/companies/BRK.A/cash_on_hand

With the stock market entering the annual summer doldrums, and all of the current and pending international events, I believe it will take less than usual to panic the heard for a run to the exits and drive the market down the anticipated (and overdue) 20% correction.

One tweet from Trump could do it.

https://seekingalpha.com/article/4140433-stocks-overdue-correction

I still think it best for me to sit in cash and wait for a 10% to 20% drop in the coming months, caused by something unforeseen, before I get back in.

GLTY