Hi, I just wanted to share my thoughts with you about the stock market development in 2007. On the website
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I found some interesting information about some of the fiance gurus:1) Warren Buffet is turning his equity portfolio into convertibles
2) george Soros is shorting the dollar
What does this mean? These gurus are some of the few investors who continously have beaten the market by timing the market. Historically both Warren Buffet and George Soros have been famous for their consistency in earning abnormal profits on the financial markets.... So
their curent behavior seems to send the very clear signal that it is about time to leave the stockmarket!!!
Personally I have turned a portfolio of 100% stocks into a portfolio of
40% stocks, 40% bonds and 20% cash
What are your thoughts about this?