Triplethought wrote: ↑Wed Aug 04, 2021 4:44 pm
Although I'm a nervous nelly I generally have "gone nuts" by buying stocks. Unfortunately I've deployed 4/5ths of my account so not a lot of bullets left. That's why I've been more aggressive in cashing in the winners lately. I think the Trend Blazer stuff has made me more nervous as the calls are generally down and clock is ticking on them. Sooner or later the bull run WILL end and no one has a crystal ball. I think it's prudent to remain careful, even if that makes one look like a pussy.
I play around with my own sentiment indicators, etc. & FWIW, it's showing the markets are climbing a "Wall of Worry" (WOW), at the risk of oversimplication.
The general pattern of WOW is when those in the neutral camp significantly outnumber those in the bullish and bearish camps, while the markets overall trend upwards, with sharp changes in the percentages of those in the bullish and bearish camps from week to week.
Not a crystal ball, but some new tea leaves.
If you feel nervous, this mantra may help you a bit:
"Embrace suffering. Laugh at pain. Life becomes easy."
Or if that doesn't work too well, this 2-minute clip is one of my favourites:
https://youtu.be/KgzQuE1pR1w
*****
Unfortunately, Bill Hicks died at 32. Still, it's one of those clips I watch whenever I start to take money too seriously.