RE:re I missed my prediction by 8 centsI've read that already, IMHO, just more talking heads going on about going on.
Sorry but I'm a skeptic concerning many of the media posers
I don't believe for a second that the markets will be lower forever, that wouldn't be realistic or rational.
However, trying to predict a bottom and going on info from people that profit from pie in the sky predictions???
Right now, I can see a great opportunity to lose a bunch of base capital by riding investment vehicles to their eventual bottoms.
I don't see a bottom, YET. But again, this is just IMHO and we all have opinions, that's what makes this fun and interesting.
For those that can't handle a loss for whatever reason, trying to pick a bottom in such times is a fool's game.
If you feel we're close, then take a chance.
If you're not comfortable, you won't be losing capital by staying in cash.
Just remember, there are some very big players that have recently played the markets wrong.
Those folks have huge resources of time and money dedicated to predicting market flucuations.
Most of us here don't have that luxury, so, momentum with the limited due diligence available to us is our friend, and then, very cautiously.
The people with all the resources make their fortunes on people just like you and I.
GLTA the good folks here.