Are you at least “a little bit” concerned yet?
You should be.
Oil tanking – wreaking havoc across global markets as investors also come to terms with the reality that The ECB’s QE Program is a complete and total dud.
We knew this. It’s not at all a surprise that markets are falling. No surprise at all.
The question begs….do you really think there is sufficient upside left ( perhaps one more “nominal new high”? ) before this thing comes home to roost?
Would it really be worth it to “just hold on” another week / month to see if you seriously squeeze “anything more” out of a market that has gone straight up for essentially 6 years straight?
Madness. Greed and more madness.
When someone suggests that it might be a good idea to “at least” take a little bit off the table considering the run you’ve had….6 years running….you really think you’re gonna see anything more in the way of profits?
Oil will never “ever” see a hundred dollars a barrel again – as global demand ( a product of slowing economic growth ) continues to fall.
Ring the bell on some winners….keep building / holding on to those gold / silver related names and you’ll be golden. Literally.