Confused, need advice, first what will happen the weekend war wise, nothing, we are not ready. Terrorists attacks over the weekend, kinda doubt it as actions would probably take place during the week to catch people in more crowed areas (now that's a complete guess). So this not hold stocks over the weekend we are hearing, probably a Wall Street rumor to panic traders into selling. Has this week's decline been strongly influenced by insurance companies, yes, but are they done? Probably. Is this a selling climax, maybe, but I'll bet options exp has a lot to do with it.
I do believe we will be lower soon, not today, but certainly by the end of October. The question, when to sell more of my long term holdings? Mostly conservatively invested. When should I sell. What really worries me the most on a short term basis is options exp is actually holding up the market. |
