[quote=OhioAdvisor]

That's okay there are many ways too skin a cat.  The only thing I believe in is making decent gains in good times and preserving principle in bad times.  If my clients miss a few percentage points on the way back up so be it.  Typically my clients don't need to knock the ball off the cover to reach their goals anyways.  There is no right or wrong here just different styles.  I just feel my way leads to more consistency, less volatility and possibly under-performance at the beginning of bull markets.  In the end I educate the clients and let them decide.

[/quote]

If you let them decide why should they pay you a fee, when a $25 book at the bookstore will do a better job?

Do you think they'd be impressed that you don't know that "too" is wrong in the phrase, "ways to skin a cat?"

How about that you think your job is to maintain their principles instead of their principal--perhaps you should join the priesthood?

That Babe Ruth was really great at hitting the ball off the cover, but Barry Bonds is even better.

I wonder if Warren Buffet agrees that there's no right or wrong way to manage a portfolio?

I wonder if he favors under performing in a bull market?

It's downright scary to read what you children post here.

What would you know about scary?  You haven't been a producer for nearly 30 years, and it's obvious that you weren't very good at it then. 

What's truly scary is that some neophyte to our business (and I use the word 'our' to mean exclusive of you) might read some of your verbal trash and act accordingly, thereby destroying what otherwise might have been a promising career.  You know...like you did.

You're still a moron.

The important point is that the consequence for be wrong is almost nil because I have not made a big bets with my clients portfolios. If we reduce it's an under-weighting over over-weighting.  I don't have a crystal ball but have opinions, I share them with clients educating them on the pro's and con's of each option they have.  i.e staying invested, reducing, cashing in.  What more could anyone ever ask for from their advisor? 

I suppose I could use the same tag line everyone else uses and that I used decades ago "Stay the course, don't worry"  "You'll be fine".

NASD, it appears you are no different than most here.  Everyone thinks there way is the only way and is the right way.  Honestly I think you have a problem with everyone and all philsophies at all times.  Relax, I am just trying to do right for my clients in the best way I know how.

To answer your question Indyone I'll just say I believe there is a uncomfortably high probability of a significant drop with in the next six months because of fundamental and technical reasons. 

I don't have the time or inclination to give all my reasons. Two very glaring and obvious reasons however are the credit bubble...credit bubble not housing bubble and second the probability of what has historically happened at the end of a fed tightening cycle.

The Big Ben B.S. election rally is doing its best for the Republicans.  What a bunch of crap.  Do you all realize this little rally is CRAP? As in not real...not sustainable?  I am sick of the manipulation I am seeing in the metals and all the futurs buying.  THis government has got out of hand.  

NASD Newbie is wrong about the long bond and some of his other points.  His cliche point on bonds dropping is wrong in our current situation.     

..... I'll just say I believe there is a uncomfortably high probability of a significant drop with in the next six months ....

Let's put a clock on this one...

.....I don't have the time or inclination to give all my reasons.

Uh, yeah...

The Big Ben B.S. election rally is doing its best for the Republicans.  What a bunch of crap.  Do you all realize this little rally is CRAP?

Bears always say the market is crap, when it goes against them...

I am sick of the manipulation I am seeing in the metals and all the futurs buying. 

That's the other thing they always say...

THis government has got out of hand.  

Yeah, it's a trifecta.....

Still we haven't heard what we should do about this "uncomfortably high probability "....