Probably not a bad strategy. I kinda think we’ll get past the Chinese New Year before we’ll see a real collapse. I think this “truce” may have just bought us 3 months or so. Days like today are why you can’t time the market. You may think the world economy is about to collapse and then, all of a sudden, some deal or some announcement is made that flips the market psychology on its head.
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Right, but look at the markets in the red today. -3.24% on S&P and -3.10% on the Dow Jones. The drop in bond yields may be a major factor as it it is a forward looking indicator of future growth.
Yeah, I, for one, have yet to feel too sick to my stomach during this market. So I haven’t added to any positions. To me, that queasiness is still a ways away.
My point in this piece is to really dig deep into your emotional response basket. Learn to listen to your gut - and then do the opposite of what it tells you.
I agree that the flattening/inverting of the yield curve is quite troublesome. Also, the price of oil tells us that there is no aggregate demand on a global scale.
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