That is why the markets are so oversold, and why there is so much cash sitting on the sidelines. Never in my life would I dream I would do a dance for a 5% return.
You guys may want to shoot me, but I'd like to see about a 10-20% correction in equities, so we can bring some sanity and normalcy back into the equation.
I bought DTV the other day in the mid 80s when T said they were going to buy it out in the high 90s. I’ll unload today if it pops. Regulators could derail this buyout so it’s just a quick time trade.
I’m fine with a 10-20% drop in equities...if I know it’s coming :-)
You will. It's estimating the WHEN that's tricky. Several months ago, I read a bio on Hetty Green, the richest woman on Wall Street. One of her maxims was to keep a stash of ready cash, so as to take advantage of a distress sale when the opportunity arose.
Interesting, were all in agreement with this. Personally, Id just love to see a bit more clarity here.