02-29-2020, 01:48 PM
My buying spree will have to slow to a dribble to stay 25% in cash, just in case this really is the big one. I got a lot of nice discounts, but I was at least a day early for sure. I sold very little overall, but I did cash out of some Utes while I could. I would like to start getting back in next week as they are closer to fair value now. They certainly aren't undervalued yet. Other than that I will try to lighten up on my junk stocks, and flip it to quality if I can do so without incurring big losses on the switch. It's not likely.
If not, I will accept my fate that I am a F, KHC and big oil bag holder for years, if not forever. I'll pretty sure that is how this ends but I have to give them some time.
My crystal ball says the market will be very choppy for weeks. There will be much speculation, but there is no way to know the true severity of the virus until some time passes. In the meantime I have little doubt the FED and the prez will try to juice the market to avoid a hard correction.
If not, I will accept my fate that I am a F, KHC and big oil bag holder for years, if not forever. I'll pretty sure that is how this ends but I have to give them some time.
My crystal ball says the market will be very choppy for weeks. There will be much speculation, but there is no way to know the true severity of the virus until some time passes. In the meantime I have little doubt the FED and the prez will try to juice the market to avoid a hard correction.