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Anticipating "irrational exuberance"
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I anticipate the Fed announcing a rate cut. I will guess that everyone will be relieved and Financial stocks will climb for a short while and then fall. If this happens, I want to be ready to take advantage of it, so I put in sell orders on all shares of: These are probably high prices, I am really just trying to capitalize on anyone taking the expected news a little too well. Following any irrational exuberance, should be the realization that we still have to worry about inflation. If either sell order goes through and I get the chance, I will buy as many shares of gold/silver producer stocks as I can. This will will probably involve positions in NXG,IAG, SLW. | ||
