August 7, 2019. SPY is down 300 points as we write this.
This is what we said on Monday:
This decline will probably last a few weeks if not longer and hopefully it provides us some buying opportunities…
And we still think declines are possible for awhile. It is interesting that we have over a dozen positions in the Core Portfolio that have actually increased, stayed flat, or declined only a few pennies.….over the last few days. We are looking at these as possible adds, buying more, in the near future.
We are also looking at CIM and FFC (preferreds) for possible NEW buys.
Right now, we are NOT selling anything, and simply holding to collect the dividends. It is really funny listening to the hysterics on the financial news channels: you would think the world is coming to an end.
As a side note, we are hearing that oil will continue declines thru November…..lower gas prices.