Don't be in a hurry. We're not done yet. Stay defensive for several weeks, at least. I was going to pull the trigger on a swap trade this week, But I've decided to wait. Pable is the smart one. He keeps enough cash to cherry pick bargains..
Before you buy anything, go chart the DJI for the last 13 months and tell me what you see.
On Jan. 12th. it crossed 12,500.
On Mar. 12th. it was back below 12,000.
In early Apr. it was back above 12,500.
Went over 14,000 in early Oct. Been on a down hill slide since.
Hit 12,501 on Jan. 09.
Closed below 12,160 today and it is still going down.
I expect it to go below 12,000 tomorrow.
At this point, I can't see the bottom.
My portfolio took a serious hit 4th. qtr. because I wasn't defensive enough.
Be careful..