Re: Rod's Account Talk
Percentages down since last Thursday, 20 Feb:
DOW: -4.75%
S&P: -4.78%
NAZ: -6.16%
Although a "relief rally" may come tomorrow, continue to be careful out there. The worst COVID-19 "headlines" are by no means behind us. Even if we technically get that 5% pullback in the S&P tomorrow, I will remain hesitant to dive into (C) & (S) because a correction could be in the cards.
When I IFT'd out of (C) and (S) on 23 Dec, these were their respective share prices:
47.1444
56.3118
They are now at:
47.3163
56.8087
My goal has always been to buy in lower than where I exited. Will that come tomorrow? Wednesday? At all this week? As I've said before, if/when it does fall below my exit prices, the most difficult decision will then be when to decide to IFT back into (C) and (S). Because I would certainly hate to IFT when a correction is on the table. On the other hand, there are so many uncertainties with COVID-19, especially the Global Supply Chain. Therefore, it might be wise just to sit this entire thing out. But, that would mean remaining out of (C) and (S) for months. I did that in 2008-2009 and completely missed The Great Recession. Decisions, decisions.
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
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