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I got out of the market
by harharmahadev Thu May 05, 2011 4:05 pm
Sold all my stocks and am now 100% in cash (USD). I think stocks are going to go down from here, specifically because of problems in China and India.
I think it's going to be difficult to see a lot of upside from here in the short term.
I think it's going to be difficult to see a lot of upside from here in the short term.
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
Re: I got out of the market
by Admin Thu May 05, 2011 4:07 pm
Interesting. No hedging against inflation or dollar troubles?harharmahadev wrote:Sold all my stocks and am now 100% in cash (USD). I think stocks are going to go down from here, specifically because of problems in China and India.
I think it's going to be difficult to see a lot of upside from here in the short term.
Admin- Admin
- Posts : 152
Join date : 2011-04-28
Location : Berkeley, CA -
Re: I got out of the market
by harharmahadev Thu May 05, 2011 4:38 pm
Admin wrote:Interesting. No hedging against inflation or dollar troubles?harharmahadev wrote:Sold all my stocks and am now 100% in cash (USD). I think stocks are going to go down from here, specifically because of problems in China and India.
I think it's going to be difficult to see a lot of upside from here in the short term.
I own bullion as a hedge against the dollar...but that's with a longer term view. I accumulate / cost average it.
As far as stocks are concerned, if the risks far outweigh the rewards, I just bail out!
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
Re: I got out of the market
by charvaka Mon May 23, 2011 2:44 pm
I am doing the opposite... So far, I have ridden EZJ twice to 10%+ rises since the earthquake... first from 60 to 70, then from 62 to 70. I couldn't resist the temptation to buy iy it again at 62 today. Let's see where that gets me. Am increasing my position in GOOG at 515. Still have a small gold hedge in place.
charvaka- Posts : 4347
Join date : 2011-04-28
Location : Berkeley, CA
Re: I got out of the market
by harharmahadev Mon May 23, 2011 3:01 pm
charvaka wrote:I am doing the opposite... So far, I have ridden EZJ twice to 10%+ rises since the earthquake... first from 60 to 70, then from 62 to 70. I couldn't resist the temptation to buy iy it again at 62 today. Let's see where that gets me. Am increasing my position in GOOG at 515. Still have a small gold hedge in place.
The short term seems too dicey...I'd say it's best to lay low for a month or so and then get back when things stabilize a little bit. There might be a major shakedown in the coming few days. Specifically,
- The fed is going to stop QE2
- Eurozone troubles
- The slowdown in China becomes apparent
- Possibly, a breakdown of the INR and/or stock market
All these issues will have a dramatic effect on stocks and this might provide some outstanding buying opportunities. So best strategy is to lay low and wait.
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
Re: I got out of the market
by Another Brick Tue May 24, 2011 7:46 am
please explain how you see INR breakdown in the next one month. i suspect markets will go up once monsoon hits kerala when i will offload some of my stock and then go back to my happy days of fixed deposits.
Another Brick- Posts : 1495
Join date : 2011-05-02
Re: I got out of the market
by harharmahadev Tue May 24, 2011 9:28 am
Another Brick wrote:please explain how you see INR breakdown in the next one month. i suspect markets will go up once monsoon hits kerala when i will offload some of my stock and then go back to my happy days of fixed deposits.
There are several reasons why INR could plummet, maybe as early as next month...
- Once the fed stops QE2, the 'open market' would have to absorb the tide of US treasury bonds. It is quite likely that LT interest rates will rise in the US. This is USD bullish.
- The Eurozone continues to have problems...in fact the problems are getting worse and not better. This is USD bullish
- If there is any indication of a slowdown in emerging markets, speculators will bail out of those markets. This is USD bullish.
Generally speaking, a strong dollar is not good for equity markets..atleast, that has been the relationship for the past few years.
I think it's easy to envisage a scenario where all equity markets are down by 10% (S&P around 1200).
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
Re: I got out of the market
by Hellsangel Fri Jun 10, 2011 4:00 pm
*Clap Clap*harharmahadev wrote:*cough cough*
Hellsangel- Posts : 14721
Join date : 2011-04-28
harharmahadev- Posts : 1155
Join date : 2011-04-29
Age : 51 -
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