solarbird | Okay I have to post this

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Okay, retail? Retail is stupid money. HEY, RETAIL INVESTORS ACTING LIKE THIS! YEAH, YOU. YOU'RE THE GUYS THEY RIP OFF. DON'T KNOW WHO THE SUCKER AT THE TABLE IS? THAT MEANS IT'S YOU. I mean damn, people:

NEW YORK (MarketWatch) -- Individual investors increased their holdings of stocks in June ... Investors held 52.9% of assets in stocks and stock funds, up 1.9 percentage points from May and compared to the historical average of 60%, according to a survey by AAII.

If it takes you six months to notice a stock trend? DON'T BE IN STOCKS.

I need some sort of banging-head-against-wall icon.

Current Mood: shocked

Flat | Top-Level Comments Only

From:

maellenkleth

We are wholly in cash at the moment, outside the NAFTAsphere. Next week or so should be very interesting.

(We've never been **absolutely** in cash, before. This is a first.)

From:

solarbird

Fun times!

From:

maellenkleth

Indeed. We're actually in okay shape for almost any realistic contingency barring something implausible like the closure of the northern borders, which would be merely inconvenient.

From:

solarbird

I think if that the jobs report is merely as bad as expected that we'll see a good little bounce here but then I thought we'd see a little bounce earlier this week. What worries me the sharp break in gold and the spike in the Euro, because what that and the dollar shift and a couple of other things are implying is that a bunch of European critters are liquidating assets, now, and that implies they really need some money. Like woah need some money.

And a lot of people are deciding to hide in Switzerland. No, I mean a lot of people are apparently deciding to go hide in Switzerland. Followed the Swiss Franc lately? That shit ain't normal. That's got some scary to it.

Edited Date: 2010-07-02 04:25 am (UTC)