Quote from mi933c:
Bill Gross the CEO of PIMCO all but said that bonds are not where you want you money on account of the policy the Feds are taking.
I didn't run out and sell all my bonds but I did for sure lighten up and raised my exposure to other asset classes such as commodities, currencies, and even equity.
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Great points;
great risk reward points.
a]TLT is still making an acceptable uptrend;
except for the following bearish data.
b]Weekly Buy volume is decreasing- thats bearish.
Ben B fed head ,maybe be the best fed head, i like him a lot;
but no man, no fed, no gov is bigger than the market[Dow theory]
c]5th wave up ,that may be bullish or bearish[weekly long term trend.];
but up trends are not predictions.
d] Taking the last 1/8 [or last .25]out of a trade;
that may not be bearish, but it can get exspensive.LOL
E,]People selling on the way up[weekly charts];
its your call.
F/failure]Actually trying to take the last quarter out of a long trend;
can be profitable, even with a crash/huge sell slippage. It still can work, if one got in early& likes/plans on huge drawdowns.
Not a prediction; simply wisdom.LIke the trader said who shorted C, fundamentals win in the end
