Thank you for your reply. You are absolutely right. The odds of a market crash is very little. The best strategy is to long at most of the time and stick to it.
RedDuke, Thanks for responding. Just wanted to make sure someone understood me. I am awaiting your response in the other thread as well.
They always do. Somehow a good percentage of marginally capitalized individual speculators insist that they're right and the market is wrong.
Clients with an open position on the DJIA index value tonight with my access provider are 74% short, 26% long. Well, after a strong up move today maybe the market will pull back. And maybe these shorters are only looking for a few bearish hours' worth of action. But being right about this doesn't make it the best game to play. Its not something I'd bet on.
not 'a few hours'... these numbers are fairly close to the forexIG data I refer to all the time, currently at 80/20 short long... and these numbers change very slowly from day to day. how to see the data with your 'access provider'?
"The chart shows the market value of all publicly traded securities as a percentage of the country's business--that is, as a percentage of GNP. The ratio has certain limitations in telling you what you need to know. Still, it is probably the best single measure of where valuations stand at any given moment. And as you can see, nearly two years ago the ratio rose to an unprecedented level. That should have been a very strong warning signal." That's a Warren Buffet quote from a 2001 interview with Fortune Magazine. https://archive.fortune.com/magazines/fortune/fortune_archive/2001/12/10/314691/index.htm So here's where we're at now. Does it mean anything? .... just throwing it out there.
"Bull markets are born in pessimism, they grow in skepticism, they mature in optimism and they die in euphoria." Arc of a Market Cycle