Published: March 22, 2020 at 9:48 a.m. ET Resist the temptation, say Wall Street pros
https://www.marketwa...cle_top_stories
Posted 22 March 2020 - 01:02 PM
Published: March 22, 2020 at 9:48 a.m. ET Resist the temptation, say Wall Street pros
https://www.marketwa...cle_top_stories
Posted 22 March 2020 - 01:04 PM
OK, this will produce a bounce..... but only for a day or two
https://www.marketwa...cle_top_stories
Posted 22 March 2020 - 02:05 PM
Buying every dip over 3% in SPX, with intention of holding 2+ years.
Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.
This is like grabbing merchandise on going out of business clearance sale.
Before the decline I was 54% in cash with the rest in High Yield Munnis and Emerging Market High Yield bonds.
Cash is down to 44%.
I have plans to be fully invested.
I've have most of my wanted position in XLE and REM.
I'm watching and will be putting more in.
Posted 22 March 2020 - 02:07 PM
Buying every dip over 3% in SPX, with intention of holding 2+ years.
Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.
This is like grabbing merchandise on going out of business clearance sale.
I also want to buy and I expect to be under the water for a while but while I cannot predict the bottom I want to see signs of less selling and more visibility.
A good time for this is when earnings and warnings etc for Q1 begin to emerge and then the reaction from the market.
BUT, I will add at lower SPX levels if there is extreme selling, dumping etc and much more bearishness than this is almost total absence of dp buying.
There is still not enough bearishness and too much dip buying
Peak panic was on the 18th...many stocks that saw massive panic selling on 18th ended up higher on the 20th (some substantially higher)
Any lower lows in indexes should be bought aggressively.
Once this down wave that started Friday afternoon is done, should be huge mutli-day rally to kick things off upside..
This virus panic is on its last legs now.
Rates now a at zero, and Yuge stimulus going to hit soon....
Agree. When good news begins to come out it could be a rocket ride.
Posted 22 March 2020 - 03:41 PM
30% !!
Posted 22 March 2020 - 03:45 PM
https://www.cnbc.com...-ever-seen.html