03-25-2020, 11:09 AM
(03-25-2020, 10:38 AM)dmonte Wrote: The world changed everyday recently, but it seems most of major economics have been in locked down mode. And a deterministic signal to me is that the Fed push out unlimited QE. My pessimistic view changed and feel things perhaps won't get worse from here by more severe events.
Therefore I have re-entered the market with 30% of my cash holding today, those will become my baseline of the new portfolio.
Going forward add on the ugly dip days and not the up days. The market is historically oversold and this is a typical bull trap. Could last a few more days but I doubt it. Go slow but be ready to buy the fear. I hope you just nibble and be very selective as there is no hurry. Earnings reports are going to be horrible for a couple quarters. PM me if you like.