October 30-2011 Where We Are

November 6 – 2011

May  ” Go Away ” alert continues in effect. 

Despite the sharp run up, I am not convinced this is a sustainable bull move.  I believe the run up is a sharp short covering reaction to hopes for a  European debt solution.  But, simultaneously I am looking for initial entry points at least 10% off last April’s high. I already have  my entrants for the November / April sweepstakes selected.  Now, I need a lot of what I don’t normally have have….patience

It has become obvious that my natural constituency should be the blue collar guy and office people who have been re-structured out of a job…..who don’t know how to profitably self direct an IRA.   The financial industry  refers to these people as ” investors ” but this is nothing more than deferential cynicism.  At best, these ” investors ”  really are considered gamblers because that’s how they approach the market ….emotionally and without an in / out  plan.  I can really help these  people but I don’t intend to subtract from my hours of work for myself by chasing anybody or by doing anymore than I would do for myself .  That driven to do good,  I’m not.

I have received more than 500 comments ( mostly general and complimentary and irrelevent ) on this blog and I am told it could have been far more if I had made an effort to get noticed via tags etc. . So here I am, an old geezer with a map ,  a system to control risk and and extract reasonable profits from the market.   Its ironic because the very ” investors ” I could help bravely venture forth into the financial jungle on their own with no idea of how heavily ” advisor risk ”  is stacked against them.  Most advisors know just enough to make the sale.

So, from here on out, I’ll just state  if its ” risk on ” or “risk off ” for me  . If you want to follow my lead and want  the details of  portfolio changes  I make, just e-mail me.  No charge…I don’t give advice, but you can peek over my shoulder to see which symbols a substantial portion of my liquid net worth is invested in.

Bye ….Richard, Rich, Dick, RMG and Smiley….all me from my past.

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