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General : Important Stuff on Fed and Rate Cut View All Messages
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Recommend  Message 28 of 38 in Discussion 
From: MSN NicknameFrankyB_Is_Back  in response to Message 27Sent: 12/19/2008 2:50 PM
Of Course ,you are 100% correct Dr KUTZ....
Unless you subscrided to  total Meltdown, you are behind.. actuallu GOLD .etc..the defensive plays have also lost (Gold was $1,000+, now in $800's even after recent run).. and Cash has been king (but even that with low rates  has lost REAL  buying power.
IThe correct  thing as I, you and many others here is to Take Profits, resist the Greed..doing that you will  be Ok, even in a Doomsday  sitiustion like SIRI..(if you took profits at 9,8,7,6,5) ..As they say in Vegas..When you get ahead..PLAY only with the House $$$..
 
I have learned a long time Ago..Prepare for the worst and NEVER .EVER confuse a Major Bull market with Being a Genius. so I hedge everything with Options..Sure you may give up some upside but you Will survive the  Meltdowns.
 
I too will be away(from computer most next week) ..so Everyone have a Great Holiday


Replies to This Message The number of members that recommended this message.    
     re: Important Stuff on Fed and Rate Cut   MSN Nicknamemacroscopic  12/19/2008 6:10 PM
     re: Important Stuff on Fed and Rate Cut     12/19/2008 6:12 PM
     re: Important Stuff on Fed and Rate Cut   MSN Nicknamemacroscopic  12/19/2008 6:13 PM