- Jul 15, 2014
- 28,638
- 47,635
Picked at some things at the end of the day that were down ~15%. I got no problem doing it again tomorrow.
I am damned if I do, damned if dont around here.
I bought some more NCLH, USB and PNC today. As well as FINX, which I know you dont like funds like that. I am eyeing some more LUV for tomorrow. The PNC and FINX would be ultra long term holds. I will dump NCLH and USB as soon as it doubles. I’ve got lots of LUV, so I will sell half when it doubles.
Well today sucked
For long term buy and hold, this fits with what I've said that Eugene Brigham at UF told us 30 years ago and is still true today regarding "what should I buy?" His answer, "look around your house and your neighbors, what is EVERYONE using?"The only sector I have been watching, that might be off of someone's radar, is all these electronic payment companies. I am talking Fiserv, Paypal, Square, Intuit, etc. That's why I have been acquiring FINX.
Epic battle between bulls and bears. Bears are worried not just about current fundamentals but Covid fallout yet to come. Bulls are willing to look past that based on the massive injection of liquidity from the Fed with more to come if necessary.
It took some convincing for me to see it the bulls’ way. I’m still cautious but less willing to deny the bulls than the bears. So I’m focusing on quality and kind versus quantity. It matters a lot in this market.
I hate to break it to ya Crete, but Trump is a player in the game now, not the Coach, nor the guy to fix it. Still better than the alternative, but he's gone 'round the bend just like every one of them, regardless of party.Trump has 2 and possibly a third ace up his sleeve.....just a matter of when he shows them and how much balls the average investor has...
And I told you we would alternate between two topics to keep the markets going, and said that we should hear about this one again soon, well, here ya go from last night... expect more to follow next week.
China will honor trade deal, wants better U.S. ties, top adviser says
yup, the vaccine (or any such corona positive news) is the twin to china trade dealGood call @Detroitgator, maybe it was few days or a week ago, I mentioned that all has been quiet on the vaccine front for the most part as the market was climbing and the dash for trash stocks had traction. Then came the Moderna insider selling fiasco and somehow the players found religion and decided the economy was still looking at 25% unemployment as well as other issues. So now they trot out the trade BS. And if that begins to become and issue, I look for the magical vaccine/cure to be back in the news.