What Did You Buy Today?

[kblake]

(08-28-2020, 12:04 PM)fenders53 Wrote:

(08-28-2020, 11:05 AM)EricL Wrote: What catalyst do you see on the immediate horizon for this to end?

The Fed just said yesterday that they will support the markets to obtain 2%+ inflation.

COVID cases and hospitalizations are dropping again, Abbot came out with improved testing, and the health system continues to improve treatments for the disease.

I completely agree that valuations are absurd, but markets don't fall because of valuations.

The Abbott hype sounded great.  Done any research on how much money they make selling kits for $5?  And the stock flies for a day.  The vaccination story not much different with companies committing to no price gouging.  This is a casino and anyone not in denial knows it.  I continue to stay vested, but plenty of cash because I'll be sick if I can't take advantage of a big dip any fool knows is coming.  This year, next year? We can't know?  It's not different in the end.  Stocks at ATH with earnings at 2017 levels.

I think there's going to be a lot of great buying opportunities to come. I have just gone in small of late. Waiting for that big downturn to come to go in bigger   

My BIGC short at $155 is looking good so far  . I'm just going to play that side of the market and sell outs for a while through Dec. If i get filled, i get filled.