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Re: Lojiko post# 16463

Wednesday, 08/29/2012 12:22:24 PM

Wednesday, August 29, 2012 12:22:24 PM

Post# of 26631
I was hoping PTQ would get this not-so-good qtr out of the way before POG took off too much. It might happen. Hoping Jackson Hole brings little or no action and then a coordinated Fed / Euro action at the next Fed meeting. At least that is what I think will happen. Which means there may be some general market sell off after a disappointing Jackson Hole. Of course that negative market action is just so much more ammo for taking size-able action later in September. Took profits on most of my stocks where I could. Now it's just ride out the next few weeks to see how things unfold.

Downside for PTQ over the next few weeks might only be low 30s or high 20s so I will hold through whatever happens.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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