Ignorance is on full display.
IBM and ADM look nice here, as does big oil. Anyone else have any nice divvy paying, solid bluechips to look at?
I'm still in mourning bro'. I haven't even had time to visit the Board until now. Best post I have ever read here. We disagree on Dis, but you are a friend.
By the way, don't follow me, do your own DD. I never thought the bull would run as far as it did. I thought DIS was a sell at 75 as many of you like to remind me.
Just as the market has a way of going much higher than it should have, the market has also has a way of not only correcting, but overcorrecting, and I'm sure patience in cash will be rewarded.
My guess is that the only strategy for sure is that positions that cannot be rationally justified now (rationally being the key word) should be liquidated asap so that you have the cash to buy good stocks at much better prices. The test isn't whether you will sustain a profit or loss on present positions, but whether capital preservation is important one, and whether the money will be better invested elsewhere, two.
Sentiment in the market has changed. My barber told me today that customers are complaining about their 401K's. That's good enough to reinforce what I believe is happening for me.
One thing for sure, retails do not belong in the market at market tops. Especially following the hype of hucksters like Cramer hawking the most overvalued of stocks, only to abruptly turn on a dime with a change in the weather.
in energy sector, midstream and downstream getting overly pummeled.
Also took out a nice position in CVV, a real growth play IMO.
The market looks bad, but have a lot more gunpowder to pounce.
A refiner, always need the refiners! 14% divvy.