And in todays news, stocks soared on expectations that nothing would happen, then plunged on news that nothing happened.
We interviewed Gilligan, head of research at Gilligan's Island Investments for his take on this.
"Our research department was expecting nothing to happen, but we underestimated the actual degree to which nothing happened. I mean, it was really nothing. Nada. Zero. Zip. Zilch. Nil. Expecting nothing to happen, the market was stunned when those expectations were fulfilled, and reacted to nothing with something. The market then surprised itself by its own reaction, and then reacted to its reaction so that overall, the reaction was nothing. Now we will wait to see how Asian markets react to this lack of reaction, so that we can forecast the U.S. market's reaction to the Asian reaction."
Yes, I be been following VTR since I bought some in the early '90's, but it's a small position that I always wanted to double down on and now's the time.
I placed a low ball order yesterday, but it didn't dip, so I'll keep the order.
If I wasn't so cheap, I'd just place a market order, since it falls under my buy and hold forever stocks and, I agree, it's priced fairly now. Nice yield too!
It's out performed the S&P 500 since 2005.
I've been asking the same question lately and am much more interested in GILD, but for the long term, not a trade. In one year, my money will be on GILD to have a larger gain percentage from today.
Apple = What people want.
Gild. = What people need.
Both, I believe, are at a good price now. When I add something new, it has to be in an under represented sector in my AA, which healthcare is now.
On a speculation basis, I believe that the need for people to have the newest Apple gadget will start to get old.
Gild could announce - I believe probably, buying a big pharma company to compliment what they already have in the pipeline.
Next week I'll probably be doubling down on one of my REIT's, VTR, since it's approaching the price I bought it for 5 years ago. FWIW
I had to look back to see if I remembered correctly about betting someone here on the Sept rate hike.
It was July 26th? - my how time flys.
On Oct 1st, one of us will be a buck richer.
I believe the Fed has to do something, but they won't.