You get burned only if you hold. I've been doing great just buying dips and selling after rips (with at most 10% of portfolio at risk at any one time, I'm still bearish). This sideways market lately has been awesome.
That may be true, but it's easy to custom fit a call to what's going on. The original poster called "the Bottom", not a short term bottom.
He was wrong and I'm sure he realizes it. I don't think anyone can make predictions for what's going on right now.
I've been hearing bottom all the...
I didn't get out at the top but got out when the DOW was around 11,800. I've just been buying the dips and selling after moves of a few %. Been working well so far and I hope this continues.
If you are looking to park the money, maybe CDs?
~telengard
Maybe normally, but it seems to react pretty emotionally to current events in the current market. The market moved 500 points when an announcement was made about an Obama cabinet member.
Just about anything can set off a huge move lately.
~telengard