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Market timers - the market is going up this year
Old 06-04-2016, 09:25 AM   #1
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Market timers - the market is going up this year

I know because BIL just sent me an email saying he was pulling all his money out because "a guy" told him the market was going to crash later this year.

Use this info at your own risk. But it confirms my position in the markets.

(On a side note he also asked me to assess a variable annuity he's considering. I pointed out the many flaws and gave him a list of questions to ask the FA who was pitching it to him.)
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Old 06-04-2016, 09:53 AM   #2
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Cool!
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Old 06-04-2016, 10:34 AM   #3
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Maybe your BIL could be included as part of a contrarian investment panel for the community
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Old 06-04-2016, 11:10 AM   #4
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Maybe your BIL could be included as part of a contrarian investment panel for the community
A panel? We don't need no panel, we got our very own perfect record oracle - W2R!
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Old 06-04-2016, 11:19 AM   #5
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Hot dog! I'd LOVE for the market to take off this year and prove all the naysayers wrong. It's fun to check my portfolio each day during a rising market, too.
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Old 06-04-2016, 12:54 PM   #6
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Just yesterday I noticed that my couch potato portfolio was at an all-time high. I'll keep my hands off and let it do it's thing, which I think will be a steady creep upwards with some variability along the way as usual.
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Old 06-04-2016, 01:30 PM   #7
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A panel? We don't need no panel, we got our very own perfect record oracle - W2R!
She only provides the sell signal!

We do need a buy indicator.
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Old 06-04-2016, 04:41 PM   #8
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Glad to hear it about the rally. I'm staying the course either way.
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Old 06-06-2016, 12:10 PM   #9
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Good one Rodi. I'm all in now !!!

Thank you BIL for the tip !!!
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Old 06-06-2016, 12:35 PM   #10
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looks like a pre-market entry this morning would have been excellent timing! At least for now...
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Old 06-06-2016, 10:05 PM   #11
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Old 06-07-2016, 08:55 AM   #12
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She only provides the sell signal!

We do need a buy indicator.
The buy indicator is my "smarter than everyone else" neighbor who liquidated all (and I mean, all) her holdings the third week of February 2009.

I'm keeping watch and will advise once she makes another move!
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Old 06-07-2016, 09:21 AM   #13
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Another indicator is the guy who proudly told me he's 100% out of the market. He's bought whole bunches annuities!

I didn't ask any more questions.
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