Quote:
Originally Posted by lewdog
Timing a crash or even a correction is impossible. People have been saying what you’re saying for 3+ years now.
I think 2021 continues to bull with vaccine rollout, economic recovery and people ready to start spending money.
I think it’s easier to follow the current positive trend but follow positions with stop losses to preserve capital in a downturn.
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1. I get trying to time a crash. Not very likely. Just nearly all my signals are flashing red. Only positive is low margin levels and debt.
2. Stop losses are worthless if a stock opens down $40 and you had a stop loss only down $10.
3. Stocks are leading indicators usually 6 months out. This market is squeezing every bit of future good news out in today's prices.
Don't wanna rain on anyone's parade but I called 1987 (2) months before the crash when I liquidated all my assets and saw the last one coming when people who earned $30,000 were getting approved for $500,000 mortgages with 5% down.
Just get a little defensive and don't lean too far over your ski tips.
