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Mine as well, hopefully the recovery continues. Had a nice increase in some of my insurance stocks today, will probably unload them tomorrow if this continues. |
Not selling anything. There will be lots of buying opportunity for awhile to average down on some of the past proven performing companies.
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I'm thinking of selling enough to buy a new Buick Avenir SUV, the dealerships have lots of inventory and no buyers, should be some hot deals if this market continues to decline.
D. |
My last four years have been spent on diversification of investments outside of this socialist Canadian government economy. Will only invest in Canadian companies that have additional assets outside of Canada while trying not to buy into any foreign company's that have a high foreign with holding tax. It will be a tough lesson for lots of people that have not lived with in their means going forward. Did not forget what happened in Western Canada 40 years ago.
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Futures down a good 500 pts. I see a lot of the gains yesterday being given back.
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You guys have bigger balls, and understand the market better than me. I simply saw a economic hazard coming, that in no way could i perfect a gain, And possibility of huge losses. So i pulled everything 2 weeks ago. Right or wrong, has yet to be seen. But my stress level is low, that's worth its weight in gold.
Brad |
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Well that's day six of a 3+ percent point move in the SP500 since the market top. We are batting .500 now. Are we enjoying the ride yet?
VIX SP log ret 14.38 0.47% 15.56 -0.38% 17.08 -1.06% 25.03 -3.41% 27.85 -3.07% 27.56 -0.38% 39.16 -4.52% 40.11 -0.83% 33.42 4.50% 36.82 -2.85% 31.99 4.13% 39.58 -3.45% |
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Be a while yet before I even think of doing anything. Was at bank at lunch moving some money around--bank--"you should invest that money, we can help you"
UM, hell, no :thinking-006: |
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The following info isn't directed at you Dean, just random info for perspective. The math of large losses makes coming back from them increasingly difficult to recover from the further down you go. A 10% loss requires a gain of 11% to get back to even. -30% requires 43%, -50% requires 100%, -60% requires a 150% gain to get back to even. This is the one point against the long only, buy and hold through thick and thin, 100% stock portfolio that makes me cringe when I think about it. |
MMMMmmmmm....Volatility
Volatility....an option trader's dream.
Sell premium, hedged with a pair trade or a long position, and watch the money roll in. |
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Kinda off topic though. :lol: |
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Nikkei 225: The Japanese stock market's 20-year high is still around 50% below its 1989 peak — Quartz https://qz.com/1103091/nikkei-225-th...its-1989-peak/ Warren Buffett once pointed out the 17 year period in the 1960s and 70s where the index (price weighted not TR) closed in the 1970s at basically the same level as it was 17 years before in the early 1960s. Buy and holders that look to the index as a measure of their own portfolio performance need to be able to ride out long stretches of seemingly poor years. They should view them as opportunities to add to their portfolio but if they are forced to sell to live, selling low is a major problem. |
Yo-Yo hit the ground again today, Fridays are normally worst, look out.
D. https://i.imgur.com/g2AePW5.png |
Ray Dalio put this out a couple days ago. Those selling protection could get killed he's thinking.
https://heisenbergreport.com/2020/03...ce-against-it/ |
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Dow tracking Nikkei, which is down big, should be a bloodbath tomorrow |
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