Hi Kenny,
I don't know when you re-invested, but if you did it before last Friday, you are one smart guy !
Except for momentum plays, I am still mostly out. I REALLY thought the market would take a breather this week. So stocks have but the ones influencing the averages have not, so the picture is a little cloudy.
I probably makes sense to average in on pullbacks, since it tough to see the markets making another severe dive before January. I was ready to average in this week but there's been no substantial pull back. The markets must have known my plans. LOL !
Anyway, averaging in, in a diversified manner (except for big cyclicals like housing, big consumer durables) is the way to go. I figure stay in though January unless CSCO breaks below 50 (or the NASDAQ breaks 3000).
BTW, I posted on the Amigos thread. If you would prefer to just post there (unless, Sergio does not want market direction talk), then just find my post and reply to it.
Regards,
Chris |
