(03-04-2021, 08:34 PM)vbin Wrote: I don't think it's over. Powell wants more inflation and is ready to let the long tail go higher. Value will be the name on the street for new few weeks unless he comes down with operation Twist or there is a liquidity crises.I don't either, hence the nibbling. I jumped in with new money WAY too fast last March. The trick is to come out the other side not sitting on your hands having bought nothing thinking you can time the bottom perfectly. I am only buying quality stuff I'm good with holding. SPEC can wait for another time. I'll nibble a good stock ten times if that's how it turns out. I'm well on my way there with TSM and NKE.
I bought very little of anything until the dip got real. I do have a few VERY deep in the money puts sold. I suspect I will be the proud owner of some overpriced DG and PEP soon. I'll remind myself that is preferable to some debt bloated profitless pig.I like Powell well enough but IMO he isn't sure what he'll be doing in a month to control this. I think he is handcuffed by the politicians who can't spend money fast enough. He made some comment about the "disorderly market is disturbing. Really? We hadn't noticed here lol. If the gambling stocks get truly smoked things will get orderly when the margin calls come out and people panic.