FireWeatherMet
Market Veteran
- Reaction score
- 216
- AutoTracker
While I HATE exiting at a recent low, I have decided to use my 1st Nov IFT exit my full stock investment mix (of C,S, and I) and go 100% G today.
When we had a late day reversal Friday, the usual pattern would be a big bounce Monday with follow thru to a new high in the coming days/weeks.
When that did not happen Monday, and markets continued to fall bigtime Mon AND Early Today, it told me there is something inherently wrong with the market...AI Bubble and other sectors being overbought being the most newsworthy. How low can we go? Well we're actually hitting the "Carboni Proprietary MA level" near 88 day MA but its been 7 months since we hit the 200 MA and even that back in the spring was artificially created by Tariffs. I'm worried that we could be seeing more of a "natural" structural bubble in the market based on AI, as well as the masses of layoffs we've seen in the past few months,. In addition, analysts, as well as the FED, have no reliable economic data since the shutdown, and experts are saying even that data is questionable, given the "Regime" firing of anyone who doesn't report a "Rosey Picture". Being that I'm getting into the last few years before retirement, I'm into wealth preservation a lot more than before. If I'm wrong, and we reverse course later today or tomorrow, I still have a 2nd IFT to get back in...but it will depend on what would be fueling any reversal, as dead cat bounces can always occur when there is more pain to follow. So leaving position of 25% C, 25%S, 50%I and going 100% G COB today.
When we had a late day reversal Friday, the usual pattern would be a big bounce Monday with follow thru to a new high in the coming days/weeks.
When that did not happen Monday, and markets continued to fall bigtime Mon AND Early Today, it told me there is something inherently wrong with the market...AI Bubble and other sectors being overbought being the most newsworthy. How low can we go? Well we're actually hitting the "Carboni Proprietary MA level" near 88 day MA but its been 7 months since we hit the 200 MA and even that back in the spring was artificially created by Tariffs. I'm worried that we could be seeing more of a "natural" structural bubble in the market based on AI, as well as the masses of layoffs we've seen in the past few months,. In addition, analysts, as well as the FED, have no reliable economic data since the shutdown, and experts are saying even that data is questionable, given the "Regime" firing of anyone who doesn't report a "Rosey Picture". Being that I'm getting into the last few years before retirement, I'm into wealth preservation a lot more than before. If I'm wrong, and we reverse course later today or tomorrow, I still have a 2nd IFT to get back in...but it will depend on what would be fueling any reversal, as dead cat bounces can always occur when there is more pain to follow. So leaving position of 25% C, 25%S, 50%I and going 100% G COB today.
