Tuesday, March 10, 2020

Dips are not to be bought


"Rallies are to be sold, not weakness to be bought. I'm amused people are willing to buy the dip and I think this dip is far more serious than people think. You want to be long of the gold market, short the stock market, and long the bond market. That’s the trade to have. I have that in my own account and continue to recommend it."

via bloomberg radio daybreak

Tuesday, February 18, 2020

This is not the time to buy stocks





I’m afraid rallies are to be sold into, not weakness to be bought. I’m amused or dismayed at how many people are still willing to buy the dip, and this dip is far more serious than people want to anticipate at this point.

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