Describing the unchanging nature of French attacks, Wellington is reported to have said,
"They came on in the same old way and we defeated them in the same old way."
The hedge funds that have most of the excess capital of the rich seem to behave in that same old way: barge in, barge out. No true investing exists by them. They simply trade to try to extract a profit from ... who? Each other now. They are mindless. They brawl like drunken cowboys in a western saloon. Something happens and whoosh. They all move together.
What do we do? We practice judo-style investing, buying low, selling high and selling high and buying low, all done in smallish bits to grab slowly some extra percentage points of gain every year while maintaining large, long term investments with most of our capital. This is Krypto's style.
She got off the couch this morning, nudged me,and voilà, I find an order: buy some gold!
I will obey the machine, buying some GLD at the open to bring that asset class up to its level. If it drop further, we will buy silver next.
The machine also says to "get ready" to buy some European stocks - a small further relative drop will trigger a strong buy there.
Word of the Day
"Jussive" - adjective [$10] Grammatical
Jussive means expressing a command [e. g. the jussive subjunctive in Latin]
Sentence: Today Krypto was jussive, but usually she's a couch potato.