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Joseph L Shaefer

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  • Joseph L Shaefer posts: 22 hr ago
  • Joseph L Shaefer commented on Joseph L Shaefer's article 09-18 11:12
    Beware the Ides of September
    As made clear in previous articles, I see nothing to indicate a bear market is imminent. But the number of trailing stops I have now placed in my...
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    Joseph L Shaefer 09-18 12:12
    • Wow.  All I said was "I see nothing to indicate a bear market is imminent."  Then, that given the age of the bull and the rampant optimism, I am placing trailing stops.  Gurus who "predict" the market tell you where (THEY think) it is going.  I don't know where the market is going and neither does anyone else.     What I do know is that I'd rather take some profits off the table if it does weaken.  I'm not in the prediction business -- I'm in the capital preservation and capital growth business.  In that order! 
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