Posted on Dec 20, 2018 by in Letters

If this looks like Niagra Falls it is because it is like Niagra Falls.  We have been warning since October of the severity of this downwave and long ago took 99.9% of our personal capital to the sidelines.  Hopefully our readers have done the same.  If not, infinite pain.  Sometimes investors are reluctant to  bail out because they "don't want to lose their position". (or they believe in Mallkiel.)  Well if your position is bleeding like a stuck pig why is it so attractive?  And.  You can always get back in and probably at a better price.

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