03-09-2020, 11:56 AM
(03-09-2020, 11:34 AM)Otter Wrote:(03-09-2020, 10:57 AM)fenders53 Wrote:(03-09-2020, 09:37 AM)Otter Wrote: Still sitting on Puts.
Of course you are, and you called it right. Got anything that might be helpful to your fellow long-term investors on a DGI forum?
Buy quality names with clean balance sheets when there is a multi-week uptrend or flat action. Not like it is going to bounce back to all-time highs overnight. You might miss out on the first few percentage points of an uptrend, but at least you won't be trying to catch a falling knife.
There's dollar cost averaging, and there's picking up pennies in front of a bulldozer. I think there is a bulldozer on the loose. Don't recall bond or oil price action like that even in 2009.
I fully intend to go long again, but don't think we are anywhere close yet. Still not officially a bear market.
(03-09-2020, 11:36 AM)Otter Wrote: Also, anyone who tells you that they can accurately forecast future earnings with any degree of certainty right now should see a psychiatrist.
Also, anyone that feels the need to brag when they time the market correctly will be humbled eventually . Enjoy your victory, but it's of very little use to long-term DGI investors on this forum.