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Re: paideia post# 8068

Monday, 05/13/2019 5:50:03 PM

Monday, May 13, 2019 5:50:03 PM

Post# of 8795
Definite "rumblings" of potential trouble ahead for the market.

Dow is down about 5.1% from its recent high on 4/23. PIOE is also down about 7.1% from its recent high of $1.40.

On the other hand, PIOE was up about 75% from its year end price and is still up about 60%. The DJI is now up only about 8.5% from its end of year close.

I read predictions of a 60% market drop from "permabear" John Hussman and it gives me pause.

https://seekingalpha.com/article/4260384-60minus-65-percent-market-loss-run-mill

Then when I look at events around the world, my faith in the lack of ability of the current POTUS to deal with these situations makes me even more nervous.

I still view my holding of PIOE as a long-term play and therefore, I'm not planning on any exit here yet.

However, I am keeping a very close eye on the global situation as well as the day-to-day trading in PIOE stock.

Best of luck to us all.
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