At least he got his followers out at the 12,500 break. I wonder if they actually listened. If they didn't they could be jumping from trees tomorrow.
My take is he said both. He said to get out of the market and that he would try to find some defensive places to go.
defensive????, its always after the 15-20% drop that investors start to get defensive. Why start getting defensive now at 12k, unless you think its headed for something below 11k....if not I would be buying on these dips and looking long, long, long term.
"Buy high, sell higher." That and the fact that Jim and stocktrader on this board suspiciously appear to be one and the same person. If not the same person, then to be sure the exact same approach. Finis.