Day to day, this is not a real market. It's a rigged casino. If you're one of those rigging it - trade away. If not, realize we're in a period of massive de-leveraging and almost everything will deflate as debt chokes the world economy. Over time the stock market will drop, commodities will drop.
Certain currencies will rise. The dollar while the dollar remains viable. Then gold.
That's it.
How do you navigate this? There are two rules:
Rule 1: You have what you have now. Don't think about what you had six months ago. Or two years ago. Don't think how you'll get it back. You won't. Ever. You have what you have now. Decide how to preserve it.
Rule 2: Have your own idea about what is happening. Your stock broker is just a salesman. Your fund manager is just a manager. They might be selling shoes or managing a shoe store - if they just didn't look quite so good in an expensive suit. Have your own idea. If you're lucky enough to have a good job so you don't have time - excellent. Go to cash and study on the side. If you have the time: figure it out. Because only those with their own idea will survive the temptation of pursue every bone-headed promotional investment scheme that will hurtle your way over the next five to ten years.
It's not that complicated. The world is drowning it debt. Debt must be settled. Figure out what that means.
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