Politician Spock
Footballguy
His mistake was forgetting the fundamental tenant "Don't fight the Fed". Or he believed the Fed's tricks won't work anymore. Either way, the economy was on the brink of a disaster in September, despite how much Obama and his followers claim it is improving. At this point it's pretty obvious that the Fed's tricks are still working. And as long as they keep working, being long in the stock market is the place to be. If ever the Fed's tricks stop working, it doesn't matter where your money is. Run to your bunker.So, getting all your money out and loading up on reverse index funds was the right play? Interesting.I'm no expert and never claimed to be, but it seems like being right is not really much consolation for going broke while everyone around you is getting rich.If he was wrong, the Fed would not have began QE3 just days later. They began QE3 days later because he was right. Without a new massive Fed stimulus, the market was about to tank.
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