September 26, 2014 Go to “Core Portfolio” for current holdings. Hit the “Follow” button to get updates.
Update Wednesday: The Momentum is STILL down. This is painful. But you should be able to pick up some bargains in the next few weeks.
Update Monday: This pullback is not over but we ARE getting close.
If you look at a two year chart on SPY you see a regular 3-6 month pattern of pullbacks.
We are once again going thru another pullback. But you have to be willing to endure the short term pain for the long term gain.
My crystal ball says the path of least resistance is Down. It appears the highest probability is the SPY declining to 1940. So just hold on. I am not really interested in buying anything right now and hope we may get a good buying opportunity in the near future.
As long as the Fed continues to print money and keep interest rates low, we are ok. But as I have said numerous times, this thing is going to explode to the downside sometime in the future. Continue to collect your dividends BUT be prepared to sell. The link below gets you to an excellent free financial blog that I read every week.
Has Cramer jumped the shark:
But the punchline is when one looks at Cramer’s ratings on a daily basis. It is here where one finds that this past Friday not only was Mad Money trounced by its competition including Fox Business’ brand new Making Money with Charles Payne (at a ratio of some 9 to 1), but Mad Money had a laughable 2,000 (!) viewers in the targeted 25-54 demo.