Hey guys, although I just joined TSP Talk yesterday I have been investing for the past 23 years. like most, have made good and bad decisions. However, month over month I have been able to make about ~2% each month (sometimes more) for the past 3 years adjusting/fine-tuning my wife and my 401k's and IRAs. Even during the bear markets of 2008/09 and May of this year, we make money.
I dont try to time the market...you will always be playing catch-up. I like charts/graphs and technicals/fundamentals. Global geo-political and economic information should be used as a backdrop to interpret the information provided by technicals/fundamentals on any given day. A good knowledge of history (U.S. and global) is also a necessity.
Bottom Line: I am not suprized the markets are down today. I predicted that last week. Jobs are created on Main Street...not D.C. Markets will be down again tomorrow but likely not as bad as today. Next week they will rebound. However, pay very close attention to mid-September. There are a few global events in play now and weak technicals/indicators that should negatively impact the markets severely beginning in mid-sept 2010. Hope Im wrong.
I dont try to time the market...you will always be playing catch-up. I like charts/graphs and technicals/fundamentals. Global geo-political and economic information should be used as a backdrop to interpret the information provided by technicals/fundamentals on any given day. A good knowledge of history (U.S. and global) is also a necessity.
Bottom Line: I am not suprized the markets are down today. I predicted that last week. Jobs are created on Main Street...not D.C. Markets will be down again tomorrow but likely not as bad as today. Next week they will rebound. However, pay very close attention to mid-September. There are a few global events in play now and weak technicals/indicators that should negatively impact the markets severely beginning in mid-sept 2010. Hope Im wrong.
