Reply to a Broker's Advice?

Reply to a Broker's Advice?

Though the Broker's  advice  sounds good and rational 

this  Market's Insanity may have gone International. 

So, since I am not young and  wish to avoid sorrow--

or perhaps, in even older age,  having to beg or to  borrow--

 why buy  today what may be far down tomorrow?

Rather than trying do something  either too   clever or rash

Perhaps I'd better just sit  on my.....cash?

HzL

1/14/16

S&P 500 Futures Sink After Chinese Stocks Enter Bear Market

Updated at 6:31 AM

Charting the Markets: Global Stocks Suffer From China's Bear Market China Stocks Enter Bear Market, Erasing Gains From State Rescue Treasuries Extend Winning Streak to Four Days on China, Oil China Bonds Rally This Week as Stock Selloff Spurs Safety Demand

The Economist
Extreme interest-rate volatility on yuan flares in Hong Kong
USA TODAY-5 hours ago
SAN FRANCISCO — The ​near-term ​bearish pressure that China's economic trajectory has been exerting on U.S. stock prices may very well ...
Outlook for Hong Kong banks' yuan business still robust despite ...
South China Morning Post (subscription)-21 hours ago
The yuan and the markets
In-Depth-The Economist-14 hours ago
Loonie makes hard landing, sterling defensive before BOE rate review
Opinion-Reuters UK-Jan 13, 2016
China Markets Set the Global Tone – Recap
Blog-Wall Street Journal (blog)-Jan 11, 2016
How far can it fall? Hedge funds speak of 15 percent tumble for yuan
In-Depth-Reuters-9 hours ago

Reuters

South China Morning Post (subscription)

Pound Sterling Live

Nikkei Asian Review

Prothom Alo (English)

Wall Street Journal (blog)
Explore in depth (3,084 more articles)

There's More Volatility to Come in China
Wall Street Journal-7 hours ago
Global financial markets have been rattled by the extreme volatilityin China's equity markets and by pressures for the yuan to ... But with the slowing economy, declining property prices and narrowinginterest-rate differentials, ...


The Market Thinks China's Currenc

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From: J

.....I promise I’m trying to talk to everyone as soon as possible!  In the meantime, here’s what I see happening…

“The Market”, which I will define as the S&P 500 for our purposes here, is just above the low levels it hit last summer, first in late August, then in late September – appx 1870.  After that successful “test of the lows”, the market moved up through early November, bounced around a bit, and since late December has been pretty much straight down.  Yesterday, the S&P 500 closed at 1890.

Market corrections happen frequently.  As I’ve said many times, they are normal and necessary – but they are not fun.  The reasons for this particular correction are beyond the scope of this email, but suffice it to say that they are different from the reasons for other corrections.  What’s most important is trying to hear what the market is telling us.  I want to see if we have reached a level where buyers will see value and come into the market and buy.  If that is the case, we will see the market stabilize and hold the previous low levels.  If not, I will be more defensive and raise cash. .....