Monday, October 26, 2009

Overdue comments on the Economy and Stock Market

I had a dream on May 1, 2009 that in 24 - 40 weeks we would start to come out of the recession and we would be skimming along barely on top of the water and then we would go underwater. I told my financial advisor about my dream. He asked me to keep him informed of my financial dreams after I told him about a dream I had in August 2007 which I thought meant that our country was heading into a time of recession like the late 70s and early 80s. I had asked him if we were heading into that type of environment what he would do with my investments. He kind of rolled his eyes at my dream, but he did go along and tell me what I should do with my investments as a defensive posture. He referred to the various stages from DEFCON 5 to DEFCON 1. I told him I wanted to me at DEFCON 3 by March. 2008. He said that there wasn't any data to support that kind of move but that if I wanted to do it, he would start making the moves in December. The first week of October 2007 I was walking through Target and I got a clear message to move my investments to a DEFCON 1 position. I called my financial advisor and told him that I wanted to make the move to DEFCON 1. He questioned my timing but the message had been clear to me and I told him to move the investments which he did. I don't need to tell you what has happened to the market since the first week of October 2007. I am very blessed to have this and other types of information come to me and I have learned that it is best that I listen to it when it does. Sometimes I receive these messages and I am hesitant to share them because I don't want to be negative. I have shared my May 1 dream and my perspectives on the economy with those who are inquisitive about my views on the economy and stock market. Last month a couple of girlfriends asked me what I thought about the current stock market and its upward movement. Without hesitating, I said "it is phony, its current levels don't make sense, the fundamentals are not there". I had been thinking for several months that I should move some investments that I didn't have with my financial advisor to cash. A week ago, on Monday October 19, I received a message that it was time and I moved my accounts to cash.