Good advice. However, the 10 year just went over 2%, gold is still below $1400, the stock market is headed to the Moon, and Bernanke just took a card instead of raising the pot. I am not sure why the public is not participating but I think it's because most of them are still spooked. I know I am.chill guys..
It's a volatile market and it's going to take time and lots of ups and downs fits and starts. 80% of the move in bull markets are in the last 20% of the duration. We don't even have public participation yet. Unless it's part of your job to watch this stuff, don't.
Why does 1400 matter? I mean seriously.. You planning on selling some soon? Think the bull is over? Don't even watch the price if this is upsetting to you. At the very least, watch it less. The fundamentals aren't going to change on a 5 minute bar.Good advice. However, the 10 year just went over 2%, gold is still below $1400, the stock market is headed to the Moon, and Bernanke just took a card instead of raising the pot. I am not sure why the public is not participating but I think it's because most of them are still spooked. I know I am.
Thankfully it is not part of my job to watch, but it's hard not to. Here come the summer blockbusters. opcorn:
Might be a while so don't get your hopes up. It takes time for things to play out.The Nikkei does a Fukushima, Bernanke does a pirouette, the Dow get's schizoid, and the 10 year is fully fueled and ready for liftoff on Pad 39A. Hard not to stay glued to the set.
It's just a matter of how long is this countdown going last before we get ignition and "liftoff"
I don't really have my hopes up about increasing 10 year rates. More like waiting for another shoe to drop. I worry there is now a real possibility of both the stock and bond markets falling in tandem. This would not be good for a typical balanced portfolio. If it happens it will blow a pretty big hole into the net worth of a bunch of people and an awful lot of retirement funds would be in trouble. Couple that with increasing mortgage interest rates and I think we've got a problem. People are getting used to 3% mortgages and they've forgotten about 6% and higher which is more normal. Housing could tank again. Consumers would pull back. I think we're heading back to 2008. But I hope I am wrong.Might be a while so don't get your hopes up. It takes time for things to play out.
The dollar weakened, probably it was because of what Bernanke said. I read he seemed to favor more QE, but he was quite careful about it...Is anyone else watching the silver ticker this morning? It looks like mount freaking vesuvius. Jack it way up, slam it back down.