A couple of weeks ago I posted that I felt we were now in a bear market with a high likelihood of a second recession.
Obviously such an opinon can turn out to be incorrect but the behavior of the market with the big moves on a daily basis, as we are starting today, along with some of the technical indicators I've mentione before are consistent with a bear market.
Maybe it won't be but for now it has all the markings of a bear. Times like this is what investing discipline are all about. Whatever your strategy laid out ahead of time when the market was less volatile is what should be stuck to now.
3 comments:
How do we buy farmland Roger, where we can grow our own food, bury our gold, and stockpile ammo, beef jerky and J.D. (and maybe a little MD 20-20 for our Kosher friends).....
If it was a correction instead of a bear, you were not expecting a retest or shake out???????????
Your assessment makes no sense to me. Based on simply looking at S&P price the jury is out right now. Other indicators would lead to believing in a bear or correction. We will know soon.
Is this a plan. I buy the best stocks i can with wide moats that pay dividends and hold on to them, I am not sure that is a plan but that is what i do. I dont think there is an alternative that makes much sense. I also buy at moments like this. If you have a better plan I am always willing to learn. if you cant change your mind you may not have one.
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