Indeed.
For what it's worth, stocks on my watchlist as potential buys have really just gone sideways, and barely dipped at all.
I don't see anything that has changed in the stocks that were trending well. The trend is still in tact for these. They're actually setting up nicely if we get a move higher.
Indeed a very two-speed market at the moment. Non-mining is holding up quite well - even the cyclicals like retail and building materials.
Small punters are probably hurting a bit more if they have larger exposures on the specie end.
The fall is only ~250 pts on the XJO and that's not a lot after a run of some 1150 pts since July. Certainly still in "dip" territory. So be alert but not alarmed (yet).
A low correlation market is a healthy market, generally implies investors in aggregate are concentrating on single name and idiosyncratic fundamentals rather than systematic fundamentals.
Indeed a very two-speed market at the moment. Non-mining is holding up quite well - even the cyclicals like retail and building materials.
Small punters are probably hurting a bit more if they have larger exposures on the specie end.
The fall is only ~250 pts on the XJO and that's not a lot after a run of some 1150 pts since July. Certainly still in "dip" territory. So be alert but not alarmed (yet).
The "sell in May and go away" saying could not have any better timing.
The "sell in May and go away" saying could not have any better timing.
Big opportunity coming up in the miners and gold...the 2 resource focused ETF's are looking good, why take on individual stock risk when the index is now just as easy to buy.
Do you plan to sell "all" and "go away" at this point in time.... Or wait a while as I plan to do and go stock by stock?
That's not a bad suggestion which I hadn't really considered (never bought an ETF). For miners/resources I assume they are RSR and MAM? With gold being GOLD?
David Koche thinks we are over the top and overdue for a large correction.
US mainly I think but we would follow as usual.
I've noticed since "Sell in May, go away" became well known the May "dip" has drifted back to end of March (the herd trying to beat the rush), maybe May isn't so bad anymore or maybe time & stats will beat it back into submission. Still "Sell in May, go away" should be in the back of the mind of every rookie
(No lectures please, they're boring & will be ignored anyway: )
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?