Okay -- I'm a post whore.... but I love this stuff -- and a mixed market - or down market gives me new stuff to talk about. Last year became difficult to find anything new to discuss because the market just went up day after day.
This morning - if you'd have looked at your accounts - you'd have had a frown on your face... EVERYTHING was red. While waiting on Adrienne (my daughter) to make breakfast... I noticed that the market was down 188 points or so -- yet I had 4 stocks green.... and frankly - the stocks that I own weren't down very much... I like that - and my theory that dividend paying big names hold up better in selloffs has always been true - and it's showing that in my accounts.
Within a hour or so --- I note the DOW is down 122 points -- but every single stock I own is GREEN...
I thought back to 1997 or so and remembered how I would have reacted to the big down red day --- I'd have SOLD everything losses be damned! Only to turn around and pay higher prices for the same shares a day later when they went green. What a fool's play that was. Now -- I look - shrug my shoulders - look to see if there's something I should be BUYING....
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