Sell Your Stocks By July or You Will Die?
Why just the other day, I was talking to an individual who has written an interesting algorithm that helps people trade ETF's.
We were talking about the stock market and how crazy things have been, and how it has taken out its all-time highs.
I mentioned to another acquaintance of mine that the market was operating irrationally.
Further, that I believe that it is dangerous when markets act this way.
Next, I was reminded of those infamous or famous quotes for annual stock market selloffs and dips.
Namely; "Sell in May and Go Away" "Sell by July or You Will Die" Well, here we are in May of 2013 and although we are barely into the second week, we are well past where we should be, and any technical trader will tell you that.
So what does this mean, are we getting ready for some abrupt move, some very large pullback, or a righting of this irrational stock market climb? Am I saying that you should sell all of your stocks and go into cash? Am I issuing a sell signal? Well, my name is not Jim Cramer, but I'm not the only one who thinks that things are getting a little overheated.
Most of the smart money is leaving the market - taking the money and saying thank you - or watching very closely for future large one-day drops, followed by several more.
Should you be in or out? Should you buy gold? That's another good question because it just so happens that today for instance gold went down $30 an ounce, that's a rather large hit.
Interesting to considering that Japan's yen has slid further against the dollar, they just keep printing more money.
Of course, they aren't the only one flooding the global market with money, and what a rotten thing to do to those who are retired on fixed incomes, or living off their savings, we're liable to wipe it out with inflation, as all that money flees emerging markets and races back towards safe haven American banks, it's already happening, it has been happening from the EU and now we see more flight to safety.
At that point the banks will be lending money, which will be a boost for small businesses, but we already know that those types of bubbles don't necessarily end well.
Am I complaining about our Federal Reserve's monetary policy? Actually not, but I would say it is perhaps time to start slowing it down a little, as all that money comes flooding back into the US, and it's also time for our federal government to stop spending so much.
Of course, this particular article has nothing to do with that, I'm talking about the over exuberant stock market right now.
I'm getting a little worried, and I am surprised others aren't.
Please consider all this and think on it.
We were talking about the stock market and how crazy things have been, and how it has taken out its all-time highs.
I mentioned to another acquaintance of mine that the market was operating irrationally.
Further, that I believe that it is dangerous when markets act this way.
Next, I was reminded of those infamous or famous quotes for annual stock market selloffs and dips.
Namely; "Sell in May and Go Away" "Sell by July or You Will Die" Well, here we are in May of 2013 and although we are barely into the second week, we are well past where we should be, and any technical trader will tell you that.
So what does this mean, are we getting ready for some abrupt move, some very large pullback, or a righting of this irrational stock market climb? Am I saying that you should sell all of your stocks and go into cash? Am I issuing a sell signal? Well, my name is not Jim Cramer, but I'm not the only one who thinks that things are getting a little overheated.
Most of the smart money is leaving the market - taking the money and saying thank you - or watching very closely for future large one-day drops, followed by several more.
Should you be in or out? Should you buy gold? That's another good question because it just so happens that today for instance gold went down $30 an ounce, that's a rather large hit.
Interesting to considering that Japan's yen has slid further against the dollar, they just keep printing more money.
Of course, they aren't the only one flooding the global market with money, and what a rotten thing to do to those who are retired on fixed incomes, or living off their savings, we're liable to wipe it out with inflation, as all that money flees emerging markets and races back towards safe haven American banks, it's already happening, it has been happening from the EU and now we see more flight to safety.
At that point the banks will be lending money, which will be a boost for small businesses, but we already know that those types of bubbles don't necessarily end well.
Am I complaining about our Federal Reserve's monetary policy? Actually not, but I would say it is perhaps time to start slowing it down a little, as all that money comes flooding back into the US, and it's also time for our federal government to stop spending so much.
Of course, this particular article has nothing to do with that, I'm talking about the over exuberant stock market right now.
I'm getting a little worried, and I am surprised others aren't.
Please consider all this and think on it.
