He he he……gotcha.
Let’s get something straight here. When I make the suggestion of “a top” or (as I have been since April) a “topping process” – I don’t mean the world is gonna come crashing down around you like in some bullshit movie out of Hollywood.
The financial “powers that be” already got their wake up call in 2008 with Lehman Bros etc and it’s pretty much a given that we won’t be seeing something like that happening again anytime soon.
There is no “doomsday prophecy” here, no “go buy guns n ammo” cuz they’re coming for your gold, no “end of the world scenario’s” no. This stuff rolls out in “real time” and navigating the peaks n valley’s these days just gets tougher and tougher, as the situation gets more desperate.
We know the “coordinated Central Bank effort” is flooding the planet with cash, and we know the tensions between East and West are intensifying. We know the world’s largest consumer economy is still struggling to get back on its feet ( if ever ) and we also know that the large majority of people involved with investment / finance are hell-bent on making it so.
Global appetite for risk comes “on” and it comes “off”. Simple as that. Identifying these times can be extremely profitable for those who choose to fight it out in the trenches.
If you actually think you can weather “buy and hold” when a mere 10% correction in U.S equities has the potential to wipe your account to zero then fine! Do it! Buy all you can tomorrow – and disregard concern for the “global appetite for risk”.
I call it like I see it, and I see a lot.
I’m not particularly “optimistic” about the next few years but that doesn’t mean I think the world is gonna end.
You choose to trade, or you choose to invest. DON’T CONFUSE THE TWO.
Sorry about the misleading headline although – seriously………it’s all I can do these days not to “go completely mad” writing about this day after day. It “may” happen again but at least just this once….give ol Kong a break. (I bet you read the damn thing as fast you could get it open).
We’ve ok here………………………..at least for Monday.
written by F Kong