Hell I’m trying to scrape as much cash as possible to make a buy in the market. Just a question of when. In the Democrats and MSM zeal to pin anything and everything on POTUS they’ve given the nation an incredible buying opportunity into the market.
If the virus is what I believe it to be (nothing catastrophic) then what an opportunity!
If I’m wrong and the virus is a global killer what good was cash going to do for me anyways...? I’m already plenty invested in lead :)
I believe that cv19 is mostly a nothing burger here. The problem of course is that what I believe does not matter, the majority seem to think it is a disaster and the rats and media are pushing that along.
If I had any free cash I’d be looking for the buy signal. I thought it was yesterday but then today comes along. We are right back where we were two years ago now and may go below that. I thought yesterday was nearing bottom if things did not get worse. Can you imagine what will happen if it really does get bad? I can’t.
I could not tell if Trump was pissed or stressed or both last night but he was not happy at all. Maybe it was having to do a press conference trying to calm things down. A press conference was a big deal for him. He has not had one in quite some time and likes it that way. The press does not. He danced around some of the questions and did not answer others but instead answered something else. I did not think he was at his best on some questions. I also thought the bashing of the rats while appealing to work together was just not the best idea he has had. No doubt they are sobs though.
I don’t believe anyone can rationally time the market successfully very often or at all because the market is mostly just an emotional train wreck in the short term. This fall is predictable and each fall like this is cliff-like with a long slow slog back up. It will probably take a year or more to recover from where we are now if nothing else bad happens and we have an election to go through still. I am not so sanguine that Trump will win against whomever. I know he should but the sheeple are as emotional about politics as they are about stocks.
The days of 8% averages are a memory, the days of 12% on GICs are gone, 6% rules the day if we are lucky and my 6% annuities look pretty good right now but I still wish they had been 7%.