Posted on 08/24/2015 2:24:49 AM PDT by Enlightened1
Let's hope nothing happens today.
House of cards....
“Buy when everyone else is selling and hold when everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investments.”
J. Paul Gettty, 1892-1976
Possible? S&P, Dow futures are way down. Half of Wall Street has been up all night. Monday will be a rout.
Catch a falling knife.
I will be buying today.
Not good for business or any of us. Every time things drop, I nearly go out of business as everyone tightens up spending, worries about the future. If this happens, I think it overwhelmingly strengthens Trump’s hand. “It’s the economy, our nation’s survival” Can you see any of the other candidates having a stronger hand to tackle this?
Why didn’t you buy Friday?
Why? Trump doesn’t know much about finance. He’s kind of a laughing stock in that area.
Seriously?! Okay, whatever you want to think or conclude, is fine. /s
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Plus, I see China has their own version of Janet Yellen:
I did. XOM, RDS/B, BP. I plan to buy more XOM today. Dividend yield above 4%. XOM hasn’t missed a dividend in over 100 years.
Think I’ll hold off on starting my daughter’s new 529 Index fund for a bit and see if I can get in at the bottom.
Caveat Emptor to you and anyone else here: I’m not suggesting that YOU or ANYONE ELSE buy today. I’m telling you what I’m going to do, and what I have done.
Every investor’s situation is different.
When you figure out where the bottom is, please post asap!
I’m thinking around 5000
So then we need to short the market? How many put options are you going to buy, and at what price?
http://www.investopedia.com/terms/p/put.asp
I thought they'd be active last Friday, so consumers wouldn't be concerned during week-end shopping. I'm still confident some type of intervention will occur this week; otherwise, Obama's economic reputation will be tarnished.
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