BIG SELL OFF TODAY.
Monday. The income oriented Core Portfolio is now down about ONE FOURTH that of the stock market. In other words, the stock market is DOWN about four times more than the portfolio. So that is the good news and about what we would expect.
The Core Portfolio is now just under 18% in cash following the sale of IRM this morning.
We feel, more than likely, that the markets will level off and we may see a rebound HIGHER in the next few days…..so it is not urgent to sell anything right now.
If you have not been following our advice to get out of positions, you should consider selling and raising your cash levels IF we get higher prices this week. It is our OPINION things will get worse going forward, but that is only our opinion.