Snowcat's Account Talk

[snowcat]

At the moment I'm 100% in G.

Too cautious? Probably, but that's where I'm at.

 

[Idaho Dave]

Join the club. I'm 100% G also.
Just waiting to pounce?

 

[kar_crazy]

At the moment I'm 100% in G.

Too cautious? Probably, but that's where I'm at.

right now sure dont hurt to play safeihave to get back in bottem feeding again

 

[snowcat]

Just waiting to pounce?

I spent most of 2007 with 90% G and 10% I which is WAAAAY too conservative or so I've been told."" And right now I sorta miss not having the fun of looking up the closing value of I and pasting it into a spreadsheet to see each day's results.

I had been thinking of going 10% F to get back into the action (at the same time that 350zCommTech was saying that it was a good plan to go into F right after the Fed cut the rate .50). But then that plan was messed up by the Fed cutting .75 instead (and 350zCommTech changed his recommendation) as the I started going back up.

So yeah now I'm sitting on the sidelines reminding myself that I'll make more money here in G than by jumping into the I fund during a downturn.

And, yeah, I think we're due for the I fund to start going down again. [Sigh] I wish it wasn't so. I liked making the extra money by the I fund going (mostly) up during 2007.


**Cautious isn't such a bad thing since I'm now retired and I can't replace any market losses thru payroll contributions.

 

[snowcat]

[Posted on the I fund thread] I was watching Fast Money on CNBC last night, and they were interviewing the president of a hedge fund, when she said something that made me pause. She said, "Right now, I'd rather be out of the market wishing I was in it, than in the market wishing I was out of it." She went on to say that the fund is using rallies as opportunities to sell its positions.

I think the pain is far from over.

That's how I feel too. I just dunno how bad it's gonna be when all is said and done. [I'm still in G.]