Staged or otherwise I dumped what little cash I had left on the sidelines in around 2 in the afternoon. it dropped a bit more and I’m close to a margin call now [again].
Good news is futures are up nicely as I type this [Dow +1.5 percent]. I can back out some things if I absolutely must, but have faith I won’t need to.
gisd O
I’m in the process of settling my parents estate. It’s in probate in PA. A great deal of money is tied up in mutual funds. My lawyer asked me if I wanted to cash out or stay in until the estate is distributed, that could go as long as October. I’m staying in. Today was a correction. Now back on track. I will call my advisers and get their advice as well. I will likely sell once the DOW gets to 29 or 30k. I still think the deep state has one more attempt up their sleeve. Think dirty bomb in a major city. I need to sell before that happens.
-SB
I tagged the four stocks in my portfolio that lost the most this week (around 10%) -- and bought more of them just before the bell. I'm glad to see futures moving up.
In bygone days they called a down move like this "profit-taking", as investors cashed in on recent gains. Now they call it "coronavirus" and a threat to Trump's presidency.
Motley Fool's big recommendation this week is Crowdstrike. Somehow I can't pull the trigger on that one.
I'm still trusting the plan.