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If someone invested thruout the downturn they are still up in a big way despite the recent pullback. 7500->12500 is a gain, and so is 7500->12500->11800.
I've been in and out, taking profits along the way.
That was to hedge any big loss.
With the markets set to open down hundreds today, it is good to have a large cash position, and be in position to acquire some positions at bargain prices. After taking flack for some time about my lack of confidence in the market, it is nice to see that prices are now coming to me, instead of chasing them upward as many of my critics have done. While many others are feeling fear and pessimism, I am becoming confident in my future profits.
Sometimes it is good to be the proverbial broken clock.
The US market is not cheap enough for me to want to buy extra shares. I guess if I were really adventurous I might buy a Japanese ETF or something.
According to the analysts at Morningstar, the 1700 stocks they cover collectively are slightly overvalued. The large cap stocks may be slightly undervalued, but not by a large margin. You can check the market valuation graph here:
With the markets set to open down hundreds today, it is good to have a large cash position, and be in position to acquire some positions at bargain prices.
So I guess you've screamed "end of days" for two years missing the buying opportunity of a lifetime, then triumphantly threw your cash in on Tuesday only to watch the DOW go down 380 more points?
come on slackjaw, you know most folks who are doom and gloomers never really make a move with their own money. they are usually perpetually poor and want everyone else to eventually fail so you now have what they do: NOTHING! . they may talk about the great timing moves they made but you dont think for one second they actually did it do you? even if they did they put so little in that even if they found the next google it wouldnt alter the course of their financial failing.
come on slackjaw, you know most folks who are doom and gloomers never really make a move with their own money. they are usually perpetually poor and want everyone else to eventually fail so you now have what they do: NOTHING! . they may talk about the great timing moves they made but you dont think for one second they actually did it do you? even if they did they put so little in that even if they found the next google it wouldnt alter the course of their financial failing.
I really wish I didn't resemble that remark (except for the wanting others to fail part)...
depends who you sell to.. if its a reputable dealer ,yes.... if its the local gold and silver buyer who pays you a fraction of its worth n.
i sold my silver when i had it years ago to deak international and republic bank. it was reported by both.
OK, thanks. It's a bummer that they tax PM profits so highly.
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