jim rogers on how to handle mkt turmoil...

  1. VRS
    255 Posts.
    From BusinessInsider.com:

    When asked how he made his money, Jim Rogers answered, "I sell euphoria and buy panic."

    The way he determines that is to wait until prices are "gapping" in the charts. Gapping on the upside is "euphoria," while gapping on the downside is "panic."

    Currently, gold and Treasuries are gapping on the upside; and, stocks are gapping on the downside.

    The implication, even though I believe gold is in a secular bull market, suggests partial positions should be sold in precious metals and the freed-up cash should be used to "buy" fundamentally sound stocks with decent dividend yields.

    VRS :)x

 
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