Aren't we due for a little crash?

H

Hoofhearted

The market has been up for 11 of the past 12 months, and it's been down for the last 4 out of 5 days.

I hate to be a doom and gloomer, but just seems like it's due for a check.

I'm trimming or closing out many of my one year high positions like DTV, DFS, KFT, etc. etc. and going heavy on silver (SLV).

What are you guys doing?
 
Quote from Hoofhearted:

The market has been up for 11 of the past 12 months, and it's been down for the last 4 out of 5 days.

I hate to be a doom and gloomer, but just seems like it's due for a check.

I'm trimming or closing out many of my one year high positions like DTV, DFS, KFT, etc. etc. and going heavy on silver (SLV).

What are you guys doing?
More...

if the market crashes silver will drop 10%. whenever there is a hint of deflation silver gets beaten the worst.
 
That makes sense to me, and I'd really like to see a 10% dip here.

But they don't quite follow the same rules. Look at the dow and SLV last year in may when the market dropped. If you bought the dip in june, you were sunk if you didn't sell by mid july. But SLV rode it out for another month or so, before dropping. I'm buying silver because I believe it has found it's bottom last month and is heading up. The market seems the other way around to me.


I agree and think that silver will drop (back down to it's bottom) when the market drops(not to it's bottom). I'm betting good money it's rebound will out perform the market's rebound.
 
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