Thursday October 2. 2014
Go to “Core Portfolio” for current holdings. Hit the “Follow” button to get updates.
We were expecting huge thunderstorms today and they even talked about shutting down one of the local airports. But of course the weather man was WRONG as usual and the clouds are dissipating…………….the market was doing the same thing.
We hit bottom as I anticipated and the sun may come out after all. We hit a low of 1923, the computer programs kicked in, and the we shot back up.
It looks like we have a capitulation and we could head higher, OR maybe just meander around until the November elections.
Either way, the dividends keep coming in.
Bottom line, the stock market long term is sending signals that we have to be alert.
The earnings season starts next week and we will have to see what happens. I suggest buying nothing right now, assuming you have the cash, and wait to see what Companies are reporting. We can then evaluate what looks worth buying if anything. I am still holding all positions in the Core Portfolio.
Here are some things you do NOT want to buy: preferred stock, annuities, long term bond funds.