08-24-2015, 09:50 AM
I would rather feather down and back up than to try and time the absolute bottom. Today's buys may look really good a lot sooner than many of us would think. My buys today were really more of a flip. Got rid of a large temporary weak position (TNK), and substituted XOM VGK DLS KMF KED FM COP which are part of my long term portfolio and IMO are much stronger holdings. FM is a new position but is intended as long exposure to smaller emerging markets.
Alex