TSXV:SLX.P - Post by User
Comment by
sunwoodon Sep 19, 2011 4:40pm
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Post# 19058757
RE: RE: RE: If Stock Market Meltdown
RE: RE: RE: If Stock Market MeltdownHi MudCreeker!
I know what you mean! However, when I used the casino metaphor, I was really thinking of it in the broader sense. That is to say, the world events are so threatening right now that one can't just look at any investment on its own merits.
Thinking back to my sailing days, it's a bit like continuing to tweak the set of the sails to optimize your boat speed while racing for port ahead of a storm, knowing that you're taking on water below decks. If you're single-handing, you wrestle with the question of whether or not you should reef. On top of that you wonder how bad the leak is and can you outrun it, or should you stop and try to locate and fix it. Decisions, decisions, decisions.
Personally, I don't look at the stockmarket as the roulette game itself, although with some of the shenanigans that go on maybe I should. I just see that whatever we are doing in the market these days is all done under a great confusion of dark economic clouds, any one of which threatens to wash us out. Which of the clouds it might be is where the roulette wheel comes in.
And time is the croupier ... when the wheel stops your fate is decided.
That could be a few years from now ... or it could be tomorrow. The computer programs work so fast nowadays that you might not even know what hit you, or why.
But despite how it may appear, I am not afraid to meet what lies ahead. I just like to consider the odds, and then make up my mind "whether or not to go for that leak".
Sunwood