You shouldn't try to pick bottoms, nobody can. The mere fact that people are saying this is probably a bottom means this isn't the bottom.
************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Wed, 11/26/08, KAM.covad <[EMAIL PROTECTED]> wrote: > From: KAM.covad <[EMAIL PROTECTED]> > Subject: Re: [OT] How to determine if a market has hit THE bottom. > To: "ProFox Email List" <[email protected]> > Date: Wednesday, November 26, 2008, 2:09 PM > I had all my retirement funds in SPY - a S&P 500 index > EFT. I am so sure that this is a bottom that I sold > everything and bought > SSO also a S&P 500 index EFT but is leveraged so it > should go up more than SPY or mutual funds like VFINX. I > bought SSO at 24.75 > and 22.90 > > A paper loss means nothing You still have the same number > of shares. You get the dividends as long as you don't > sell and right now > the dividends are more than bank interest. > > > ----- Original Message ----- > From: "Pete Theisen" > <[EMAIL PROTECTED]> > To: "ProFox Email List" <[email protected]> > Sent: Wednesday, November 26, 2008 11:39 AM > Subject: Re: [NF] How to determine if a market has hit THE > bottom. OK,maybe [OT] > > > Gil Hale wrote: > > > I dissolved everything in my IRA into cash late July > 2008, and was kicking > > myself in the ass for several weeks afterward, > thinking I was just getting > > nervous for no reason. But after a few more weeks yet > I was pretty happy > > about my decision. Sure, the returns are lower than > they had been, but I > > avoided the drop off the cliff also. A friend of mine > in SoCal told me he > > got out of his investments and went to cash in > October. I thought he still > > must have gotten tagged. "October last year, > Gil", heh-heh. All of his > > expert friends gave him all kinds of crap for being > such a chicken. They > > are apparently not crowing so loud now. > > > > Next move, Swiss Francs. I do not trust FDIC can > sustain what is coming > > down. > > Hi Gil! > > Currently, all my money is tied up in debts. Today I see > that "they" are > going to print as much money as they have to, to > "stabilize" the > markets. Hyperinflation here we come! > > I wonder if Swiss Francs will even do it? Better buy them > today. > Yesterday would have been better. > -- > Regards, > > Pete > http://pete-theisen.com/ > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
