“Without workers, we don’t have an economy, and right now we are incentivizing people not to work.” full article
Monday: Sell gold right now. It is looking weak, opposite of what we expected. Taking our small profits. LONG TERM we feel gold will be heading higher, and we will be buying.
The Core Portfolio is now at 55% cash. The 45% is in Corporate Bonds, gold, other misc holdings that are listed under Core Portfolio, and several positions that we are trading, but not posting here.
We continue to believe that the markets will drop and re-test the March lows (within the next several months) and we want to have cash available to buy dividend producing positions that are on sale. Yes we may be wrong and everything will continue higher to the moon -without a re-test: which has NEVER HAPPENED in history.
In the near-term, there are smart people out there telling us that SPY is going up to 2940. That may happen. But we still think a test of the bottom is in our future.
Bottom Line: If you have been buying stocks, be sure and have ‘stop’ orders in place that will get you out in case of another decline.
NOW IN OUR 8TH YEAR. NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. Don’t forget to hit the like button. Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.