It's been amazing to watch. I will buy an economy on the way up, but absolutely not one very clearly on the way down. Almost all of the "great buys" are an illusion. I won't chase stocks that have bounced 20% in a week for no economic reason. Few stocks are good deals now, they just happen to be cheaper than they were when they were over-priced barely a month ago. Nothing good happened since then. I trimmed some more this morning. I entered this with too much cash and bought big time on the way down, so taking a few profits. I still own about 45 stocks and I still like most of them long-term. I refuse to believe at least some of them won't give me a very good entry point if I show a little restraint. I have a ton of long shares and always will. I am fine no matter which way the market goes short term.
As always I appreciate the back and forth debate. I learn more from those who challenge my thoughts. I'd like to think it makes us less likely to walk off the cliff like a bunch of sheep. The long-term DGI thing still works if you watch your valuations. The rest is noise in the end. Or blah,blah,blah and Guru likes to say lol.
As always I appreciate the back and forth debate. I learn more from those who challenge my thoughts. I'd like to think it makes us less likely to walk off the cliff like a bunch of sheep. The long-term DGI thing still works if you watch your valuations. The rest is noise in the end. Or blah,blah,blah and Guru likes to say lol.