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It's another good day (for buying). I'm buying back about another 50k into the market (S&P 500) within my 401k cash pile. I wouldn't mind if it goes down another few hundred by the end of the week, but i suspect tomorrow's news of a possible re-vote might mean an increase in the markets overall.
I'm nibbling slowly because I sold out last week. 97% in cash. I don't mind buying it a little too early. But only cash covered puts.
Well, tomorrow is "turn around Tuesday",........I was going to go to the Casino tomorrow but may just buy some July OEX calls at the close today and stay home to get my gambling "fix"....
hehe, dividend payments started coming in, got to buy some cheap stocks
end of month = company match time = more cheap stocks to buy
even the "foreign" stocks are good for me, the companies haven't fundamentally changed how they operate, the business models are still working for them. Share price is transient, so I don't mind the drop in price while I'm buying it.
It's so odd that the VIX is down 1.40 today. It practically screams "more downside to come" .. I've never seen the VIX go down on a day when the market is down so much before.
Been watching my net worth decrease and am trying not to panic. My financial manager advised me not to look at my account every day for awhile. (I've asked him if he plans to use this period as a buying opportunity; he seems inclined to do so but is not giving me any specifics, as usual)
Hope that the market does stop falling in a few days or at least soon.
You are not alone, my portfolios is also down a chunk. No one knows for sure how this will play out or when it will be over but I find that today not being as bad as Friday, as a possible good sign, well I am trying to stay positive and hoping for the best.
* Buy HDGE on at least some of your portfolio. (25%?) I've had it for months. Probably a little early. But I'm sleeping soundly now. In fact I hope the trend continues and prices get to a more realistic level.
* Go into cash.
* Go into more conservative investments.
* Or if you are more aggressive, buy some GS which is suddenly on sale.
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