Just remember the last too times the FED did an emergency rate cut the S&P 500 both times was cut in half. Valuations are too high now. We need to get back to 14-15 X PE. You are going to see most companies warn on the next few quarters and estimates are going to have to be revised down. That's just common logic. And you need to keep cash on hand for declines. If your fully invested then you are going to scramble to sell to buy other stocks you want. I'm not saying I'm right, but that's just my thinking and I'm sticking to it lol
I agree with GOLD and REITS and maybe add in Consumer stocks as well. I invested in a lot of gold stocks at or near there lows a few years back and there my biggest gainers right now. Reits will also do well in this environment.
I agree there are a ton of stocks I would be willing to buy right now. But the question I keep asking myself is?? Can they get cheaper on valuation. And the answer is yes lol
If you want to own BA, IBM, MMM and stocks like that. Buy small amounts and add on bigger pullbacks. Keep some powder dry so you dont come up empty.
One name I do like here is VTR.
BTW I took some money off the table as well. I 'm about 35% cash
I agree with GOLD and REITS and maybe add in Consumer stocks as well. I invested in a lot of gold stocks at or near there lows a few years back and there my biggest gainers right now. Reits will also do well in this environment.
I agree there are a ton of stocks I would be willing to buy right now. But the question I keep asking myself is?? Can they get cheaper on valuation. And the answer is yes lol
If you want to own BA, IBM, MMM and stocks like that. Buy small amounts and add on bigger pullbacks. Keep some powder dry so you dont come up empty.
One name I do like here is VTR.
BTW I took some money off the table as well. I 'm about 35% cash