Howdy Pals, The Glass Is Half Full today, from the Surface it looks like good odds of a nice rally after the Fed meeting today if they don't announce a rate increase, a smaller/delayed rally if they announce a bias, against The Big Uh-Oh if they decide to increase. The Overseas were down - and the dollar's down in Japan & other places to create favorable buy conditions for them. If it all falls into place, tomorrow could be a very nice day.
Wouldn't it be great to nail a whole portfolio with all stocks bought at their Lowest? And to look at the Sells and not see any increases from there? Buy low/Sell high is such a difficult target to hit...I missed The Bull's Eye, as right now so many of my technets sit there with a minus, but thankfully the loss isn't usually for very much - not perfect but Good Enough so far.
Now me, I always like to make contingency plans for worst/best case other scenarios. Been wondering what's best to do if they increase the interest rates. Got some powder but not as much as I'd like....I guess the first thing I'd do is sell the stocks with some profits in them & also the ones with the biggest losses; and thinking twice about what's riding debt-free at present or paying divs because those'll be the first to go back up under new conservative investors guidelines. Debt-free doesn't matter so much today but it would matter very much, starting this afternoon, if the worst that can happen, happens. As much as I hate to stampede....ya gotta admit, there comes a time to run with the herd when going contrarian doesn't pay - and backing away from the market under an interest rate increase is one of those times IMHO. Anyway, so that's my battle plan....contingencies Just In Case? Whatcha gonna do?
Being Cautious...really thinking That Old #909 Is A-Comin' Again,
Yer pal,
Joan |
