Guru,
If you are getting out I wouldn't take a new position in bonds other than short-term treasuries. The credit markets are volatile too. I think you should be able to get about 1/2%. Depends what day you look. If you try to get a bit better rate in a CD your money will be locked up more than a few months.
I think the US Treasury has latitude in administering the stimulus. If a business takes any free money, I'm sure it comes with rules we don't prefer. Loans maybe not beyond no stock buybacks which is a hot topic politically. We should know this week.
I don't really disagree with your economy predictions. I live is a small touristy town and it is going to devastate small business. I lightened up during the last run up. Probably not enough, but I will stay the course on my most solid companies. I purchased some puts and that definitely takes some of the sting out of down market day. What I won't do is go all cash. I'll screw up the re-entry like most everyone else who ever attempts it. I'll continue swing trading some smallish positions in companies I don't mind getting stuck in long-term because that will surely happen at some point. I highly suspect the market will provide the volatility to make that viable. There will be many more stocks that act like WEN did.
Keep those kids safe, and see you on our daily chat thread lol.
If you are getting out I wouldn't take a new position in bonds other than short-term treasuries. The credit markets are volatile too. I think you should be able to get about 1/2%. Depends what day you look. If you try to get a bit better rate in a CD your money will be locked up more than a few months.
I think the US Treasury has latitude in administering the stimulus. If a business takes any free money, I'm sure it comes with rules we don't prefer. Loans maybe not beyond no stock buybacks which is a hot topic politically. We should know this week.
I don't really disagree with your economy predictions. I live is a small touristy town and it is going to devastate small business. I lightened up during the last run up. Probably not enough, but I will stay the course on my most solid companies. I purchased some puts and that definitely takes some of the sting out of down market day. What I won't do is go all cash. I'll screw up the re-entry like most everyone else who ever attempts it. I'll continue swing trading some smallish positions in companies I don't mind getting stuck in long-term because that will surely happen at some point. I highly suspect the market will provide the volatility to make that viable. There will be many more stocks that act like WEN did.
Keep those kids safe, and see you on our daily chat thread lol.