Hello
Today, Monday June 24, witnessed another volatile day as the world worried if the patient would breathe on his own, after it was discussed last week by Ben Bernanke that the breathing machine would be disconnected in the future (see my earlier analogy reference this example). The markets closed down on above average volume.
It is my opinion that a move to the G-Fund is in order, to reflect 100% future contributions and 100% of your account balance, to be shifted to G-Fund.
Me, personally, I am still a cheerleader of our economy (the recovering “patient”) and believe things are slowing turning around, and have my own facts to prove it. However that does not mean I am going to try to catch a falling knife, and it is my opinion that a precautionary move should be made to G-Fund.
I might add that I have struggled with crafting this post, as my feelings about the overall economy and long-term stock market are very positive, however trading and investing on emotion is an amateur mistake, and I had to remind myself to step back, look at the market itself, and pull the trigger accordingly. Unfortunately, we have had some down days and we need to protect our account balances.
On that note, I invite everyone to take a look at this 06-24-13 video, courtesy of CNBC, in which Rick Santelli is interviewed. The short version is Santelli’s position is that the market is going to do what the market is going to do.
I am moving my balance and future contributions to 100% G-Fund. Thanks for reading everyone…hopefully these storms clouds clear up in a few weeks.
– Bill Pritchard
