What I Am Buying Today.

[kblake]

(01-26-2022, 04:39 PM)fenders53 Wrote:

(01-26-2022, 03:46 PM)cemanuel Wrote:

(01-26-2022, 03:20 PM)stockguru Wrote: Powell screwed it up, once again

He must be short the market. Wouldn’t surprise me one bit ??

What did he do? I didn't see anything in the quoted comments that should cause any angst. Though I didn't see one of his favorite phrases either - "measured response."

Unless the market thought he downplayed inflation too much.

His mistake was ignoring inflation 9 months ago.  He should have made us mad by tightening then.  Investors would have bashed him either way.  Politics are involved.  Slow the economy down and you are hated.  Rates will rise next meeting as expected unless inflation magically goes away.

Here's the problem and I'm all for trimming. But just think how much you will be paying in taxes for all those trades this year. No body ever mentions that 

With those leveraged funds they are so damn volatile. Great when your making money but all that can be gone in a blink of an eye.... You betting on a bull market all the time and that's not a good bet.

You need top adjust 6-9 months in the advance. Now is not the time to hold these kind of funds in an environment that will raise rates. All those chip stocks that kept telling you there was a shortage is no longer the case. The best is behind these names. I dont know how much lower but It's not done going lower. My guess is $25-28

Get in those DGI stocks now. But the ones that stay in a trading range and collect the dividends. Get rid of the stress in holding those high beta etf's and stocks