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Replies to #1040 on Andy Bear Picks

surf1944

10/06/14 5:58 PM

#1041 RE: andrius #1040

Major market sell-offs take place every 6-8 years on average, I don't mean a trade down to support levels at the 200 DMA, something like a 20-30% move could be setting up here, I have been trading through all bear moves since the 87 crash. When it drops, it will take 99% of the stocks with it, I tell clients, the best place to be right now is cash, don't worry about it setting in a cash fund for now. There is no reason to be invested in a market that may have 5% upside in the coming year vs. a 30% contraction. The short game is likely the next big play, but there has to be a trigger.
That trigger could be anything, I would be guessing if I throw one out there, but the set-up is in place for such an event.

20% long 40% short & 40% cash

MisterEC

10/13/14 12:34 AM

#1044 RE: andrius #1040

I missed on a lot of trades too. I feel we get a pull back like in 2007-8. I am trading options, but keep my short ETF for long term gains.