Mohacsy's Safe Portfolio Member Forum

[santafe2]

Hi Ron. I'm much more comfortable with long term trends. One thing we all know here is that change, sometimes obvious to all of us for years, doesn't hit the market until much later than we'd expect. It's just good to pick-up bread crumbs as markets peak and fall so you can approximate investment timelines and times to raise some cash.

I'll never forget in 1999 when Steve Ballmer called MSFT stock price "absurd". Of course it was absurd and had been for years. 2007, housing was absurd and by 2009 the stock market was absurdly low.

In markets like that even a blind squirrel and find a nut. I like to be ready for those turns even if I'm a year or so early or late.