Markets are all set to take the LOWS out...whether it is INTRADAY LOW or CLOSING low..that wil be determined today........
Most world markets are showing 9 day losing streak......is this a sign of close to bottom or further trouble on the way?????
As I always say ...Markets go UP & Markets go DOWN.....BUT it IS the stock selection that matters.....
So.... today IS another day to look @ your portfolio and see if you are comfortable with all of them....IF NOT...then REBALANCE with good quality stocks @ fire sale !!!!
I am NOT planning to do anything with my two stocks MRVL & SOL........
If you have all the right stocks...then sit back and do NOTHING......
It IS extremely difficult to TIME the markets...I do NOT even TRY IT !!!!
I always look @ RISK/REWARD ratio...it is very compelling in my opinion !!!
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Thought we saw capitulation last week. Oh well.....I'm tempted to buy and average down here. The market is oversold, oversold, oversold. What I don't understand is where all the IRA, 401, weekly deduction money is going. Millions of people invest weekly and reinvest automatically the dividends. Where is that buying power? Any thoughts?
Standards
Hi Standards,
Most mutual funds are holding "lot of cash" for putting in the market.
Averaging down today "may be the smartest thing to do"
Saleem
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