Racqueteer:
uncleharley: "So I have been FROZEN and I hate that feeling....."
Go to as much cash as you can. Take some time off. Get some sun. Play some golf. go fishing. Do whatever you do, but get into a capital preservation mode as far as you can. That light you see might be a train.
uh
I agree. I'm now a tad over 50% cash, and another 25% is balanced funds. Unfortunately I established my foreign position too early, and I'm paying the price for that, but you can't get it 100% right 100% of the time - at least I can't. Overall, I'm just waiting for the carnage to abate at this point.
Everytime I get this feeling I am in cash, 100% cash now. I get inpatient I start seeing a TURN up in every down day I say to myself "ah this is it".
I try to FORCE something or I get it in my head I know where the market is going...
I lose money....