Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I thought about doing some dipping today for a small amount to clear out some cash. Instead decided to wait a see what happens on Monday. T-bill maturing soon , so which way to turn ? Have a good weekend All, Derf
FWIW: For the past week or so the great preponderance of financial news in the Business Section of the WSJ have been negative. Major layoffs, store closings, poor performance, failure to meet analyst expectations, bankruptcies.
@Old Joe...news rags finally caught up with the real world... this has been going on for some time now... Michigan Ave in Chicago storefronts over 30 % empty...not an ideal time to be looking for gainful employment...
Not sure what the rush would be to step into the markets... indexing flow drove markets on the way up and look out below when everyone heads to the exit
Plus... makes me nervous when the day trading rentiers play with their calls and options from their Mommy's basement...
(Bill Fleckenstein commenting on today’s market in “The Daily Rap”)
Personally, I lightened up on NSRGY (+3.5% today) and added mostly to LSST, but also to WEA and GAA. More like slow trolling for trout than dipping for trash fish. There are many different markets. Consumer staples had a good day. And most bonds rocked.
Comments
What did the band BTO sing.... baby, you ain't seen nothing yet...
If INTC hits 20 I might start a buy-and-ignore position.
Just sayin'...
Not sure what the rush would be to step into the markets... indexing flow drove markets on the way up and look out below when everyone heads to the exit
Plus... makes me nervous when the day trading rentiers play with their calls and options from their Mommy's basement...
(Bill Fleckenstein commenting on today’s market in “The Daily Rap”)
Personally, I lightened up on NSRGY (+3.5% today) and added mostly to LSST, but also to WEA and GAA. More like slow trolling for trout than dipping for trash fish. There are many different markets. Consumer staples had a good day. And most bonds rocked.