Ron sees the possibility of a short-term rally. He suggests using any such rally to trim portfolios and raise cash as September is, normally, the month of the year where returns are the worst. He does not believe we have reached a bottom in the larger, longer trend, yet. He estimates we are almost one half of the way there from the peak we saw earlier this year. In the last part of this video he demonstrates how basic technical analysis could have saved investors in Sino Forest a significant pile of money.
Myself, I currently have no long positions in any of the equity markets and am happy to wait this out a little longer, given the state of affairs in Europe, and the poor performance of the major equity markets during the month of September.
What approach are you taking?
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