RealMoneyIssues
TSP Legend
- Reaction score
- 100
A lot has changed since April 1999...
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April 1999 was the first and only month for the DJIA to post a gain of 1000 points - May 2013 will be the second month to post a 1000 point gain. Don't I wish. Knowledge has marked the difference between those that take informed risks and make money and those that remain petrified by fear in a perpetual state of inaction. It sometimes pays to be patient and dedicated to a long-term, disciplined investment strategy. I'm staying with the I fund because Europe will play catch up.
As his spokesperson, ha, I think Birch would find your comment favorable. I also think the SPX is going to go up 5 to 10 points tomorrow. The C fund is owed after today's performance, considering the S and I doing so well. SPX 1600 within a week, then it continues its climb.Thank you to all the "Chicken Littles...the sky is falling" folks.
Your negativity & fear is not nearly enough to induce any meaningful selloff...but your negativity and fear is "just right" to keep Sentiment from getting overly bullish. which only keeps the uptrend going higher, with even the biggest dips stopping dead in their tracks at the 50 day EMA (aka The Bernanke QE4 Floor)...before quickly resuming their track to higher highs.
Damn...I sound so much like Birchtree these days, I thought I would post this on his site....hope you're OK with that Birch.![]()