August 9, 2017 update: Two things that matter: 1) August is typically a negative month for stocks. 2) Geopolitical risk related to N. Korea causes investors to take money out of the market. You can choose to ride out August if you believe, like I do, that the last quarter will reverse course and be strongly favorable. You can hold more cash and buy gold and silver as well. I’d also hedge my bets and buy a 3x leverage inverse small cap bull like TZA, which might go higher and offer you some capital to invest in stocks/funds that go down the most. Good Investing! . . . or Good Trading!
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August 24 update:
Markets are up and down or, in effect, trading sideways. Experienced market participants recognize two tendencies that are likely to occur as a result. First, there can just be a consolidation before a new break out to the upside. Second, there will be a sell-off. The market probably needs the second scenario more than the first. Moreover, it is August-September during which stocks are typically weak and more prone to the sell-off scenario anyway. On the average, I am holding more cash to take advantage of the opportunities created by a sell-off, as well as holding and occasionally building up some of my inverse beta stock TZA. You can also buy the VIX (it will increase rapidly during a sell-off) as another form of insurance against a sell-off. Good Investing!
