Correct, stocks are going on sale. I think wait another week or so, then dollar cost average back in, depending if it looks like a bottom. If the indices fall more than 10%, I'll buy a little. If they drop to 25%, buy some more. If we hit a 50% major bear, then all my cash and savings go in.
A typical correction has a graph that looks like a W. The first bottom hits, markets will climb a bit, then another sell off with a bottom about the same as the first. That second bottom is the buy signal that I'm looking for. Max Dillon Charleston SC Feb 24, 2020 5:37:09 PM Dan Penoff via Mercedes <mercedes@okiebenz.com>: > An opportunity to add to one’s holdings. Long term all is well, remain calm. > > -D > > > > > On Feb 24, 2020, at 4:17 PM, Meade Dillon via Mercedes > > <mercedes@okiebenz.com> wrote: > > > > Markets down about 4.5% between Friday and today, and gold is going up up > > up. > > > > Truck traffic hasn't really dropped off yet, that'll be the next clue. > > ------------- > > Max > > Charleston SC > > > > > > On Wed, Feb 12, 2020 at 9:19 PM Meade Dillon <dillonm...@gmail.com> wrote: > > > > > > > So I think you are right about the winds last Friday, on Saturday I noted > > > there was a lot of trucks pulling containers again. However today, no > > > wind, and truck traffic was down again. > > > > > > Market keeps going up up up, new highs nearly every day. Maybe I was > > > pre-mature, but I'm still going to keep the cash that I took out last > > > week, > > > which was a small percentage of my portfolio. > > > > > > Read an article to today about the norks, they are denying that they have > > > any cases of Kung Flu to report, so that doesn't portend well given that > > > they share a border with China. > > > ------------- > > > Max > > > Charleston SC > > > > > > > > > On Fri, Feb 7, 2020 at 12:17 PM Buggered Benzmail via Mercedes < > > > mercedes@okiebenz.com> wrote: > > > > > > > > > > I think it is high winds today. I drove my truck across the Stono bridge > > > > yesterday afternoon and it was kinda scary > > > > > > > > --FT > > > > Sent from iPhone > > > > > > > > > > > > > On Feb 7, 2020, at 10:16 AM, Meade Dillon via Mercedes < > > > > > > > > > mercedes@okiebenz.com> wrote: > > > > > > > > > > > > > > Today on my way to work, there was a significant reduction in the > > > > > > > > > number of > > > > > > > > > trucks pulling shipping containers. The Port of Charleston is one of > > > > > > > > > the > > > > > > > > > largest on the East Coast of the US. > > > > > > > > > > During the big crash in 2000, I noted that this traffic dropped of > > > > > significantly a week or so before the stock market tanked. > > > > > > > > > > Perhaps today's reduction is due to the high winds and the bridges > > > > > these > > > > > trucks have to cross, and a big portion of the drivers are staying off > > > > > > > > > the > > > > > > > > > road for safety reasons. > > > > > > > > > > I'm probably going to pull back today, sell off some of my index funds > > > > > > > > > and > > > > > > > > > park that money in cash, maybe buy some GLD (a gold index). Nothing > > > > > radical, maybe 5% or 10%. If the drop in shipping container traffic > > > > > continues into next week, I'll probably sell off more. > > > > > > > > > > > > > > > ------------- > > > > > Max > > > > > Charleston SC > > > > > _______________________________________ > > > > > http://www.okiebenz.com > > > > > > > > > > To search list archives http://www.okiebenz.com/archive/ > > > > > > > > > > To Unsubscribe or change delivery options go to: > > > > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > > > > > > > > > > > > > > _______________________________________ > > > > http://www.okiebenz.com > > > > > > > > To search list archives http://www.okiebenz.com/archive/ > > > > > > > > To Unsubscribe or change delivery options go to: > > > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > > > > > > > > > > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
