11-20-2018, 11:22 AM
(11-20-2018, 09:14 AM)divmenow Wrote: As i said a few weeks back. Get out of tech and high betas and into safety stocks like utilities and drugs. At this rate AAPL may go back to $90 lol. I still think tech has a long way to go before it bottoms. Even stocks like V and MA will fall despite how great they are. When PEP, JNJ, LLY, D, DUK and NEE lead this market you know were in trouble. Not much fun when were in a bear market. Today my TGT will suffer.
Stop saying that, you're scaring me lol. AAPL to sub $100 would drag the entire market halfway back to 2008. AMZN and AAPL are my only stocks that are down bigly last 90 days. I certainly have a lot of stocks with modest losses though, and only a few winners. Drugs have been good and I have prospered. I'm not touching utilities with new money due to valuation for now. Those who do that now are going to get burned and I don't think it will be a long wait as PEs rise. Not NVDA burned, but they will be sad for a year or more if you don't leave room in your wallet to average down.. The rules haven't changed. Load up on high utils with tech stock PEs and rising interest rates and you'll get smoked at some point. I am patiently waiting. Took some util profits a bit early and patiently waiting.
Agree on the bear market though. Hope everyone keeps the faith. The good companies will be fine.