<i>"Next year would take a bongo beating vacation with money managers or go on a fly fishing trip to Montana's streams or go snorkeling with Sting Rays in Cayman Islands. I will do what the money managers do.
Put my cash in T-bills and money market accounts earning a safe 5 % a year. No need to take a pounding and volatility and absorb losses and trying hard to pull up. This is an exercise in stupidity.
I maintain a healthy 6-9 % return in my portfolio per month, its obliterated by this 300 point down and 300 point up days in the market. The market is too volatile, Vix at 23.7 is still very high for predictable and consistent outcomes."</i>
You've repeated this similar mantra across several threads already. What will you do if VIX levels remain between 25 and 60 for the next two years?
Some of us traded from 1999 thru 2003 without ever seeing a VIX reading below 20 before a big market plunge spiked it back upwards. A period of decades'-low volatility which just ended was exactly that... decades' low records.
Might better get used to what we're seeing now. Could easily be the new reality (and more) thru 2010
Put my cash in T-bills and money market accounts earning a safe 5 % a year. No need to take a pounding and volatility and absorb losses and trying hard to pull up. This is an exercise in stupidity.
I maintain a healthy 6-9 % return in my portfolio per month, its obliterated by this 300 point down and 300 point up days in the market. The market is too volatile, Vix at 23.7 is still very high for predictable and consistent outcomes."</i>
You've repeated this similar mantra across several threads already. What will you do if VIX levels remain between 25 and 60 for the next two years?
Some of us traded from 1999 thru 2003 without ever seeing a VIX reading below 20 before a big market plunge spiked it back upwards. A period of decades'-low volatility which just ended was exactly that... decades' low records.
Might better get used to what we're seeing now. Could easily be the new reality (and more) thru 2010