Ok nevermind! I thought yesterday might have been the day – the day where a bottom gets put in and we make it rich! Guess all good things take time, or good timing – in the markets’ case ;). Regardless of puns, no investment strategy should be predicated on timing. The Dow is down over 150 points – while yesterday was nice, I applaud and invite the pullback because even though I probably will not buy anything today, unless an opportunity presents itself from here, we are in 50 percent cash – a very conservative stance. Last thing, I feel we made a prudent move in trimming shares of Terex on the abnormal strength (up 11%). It burned another commission but re-balanced the portfolio.
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