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Post by selluwud on Sept 9, 2016 18:47:48 GMT
Some years back right after 9/11 I used to always sell out of my positions a few weeks prior to the anniversary of that infamous day. Thinking that there could be another attack on that day always seemed a prudent view to take as the markets do take a beating when those types of nefarious events happen. The last couple of years I haven't paid much attention to that happening, but it seems it must be on some peoples minds because the market is sure acting like it today along with a looming fear of an interest rate increase. Hindsight is so unforgiving.
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Post by Titan V on Sept 10, 2016 3:15:09 GMT
I think the market was jittery today because of North Korea claiming to successfully test a 10 Kiloton ballistic missile with a nuclear warhead. I hear you but ISIS may attack a building for example but the market is reacting most likely due to North Korea having the capability to wipe out a city of one of our allies or even reach US land.
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Post by Titan V on Sept 10, 2016 4:40:03 GMT
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Post by selluwud on Sept 10, 2016 12:52:23 GMT
I think the market was jittery today because of North Korea claiming to successfully test a 10 Kiloton ballistic missile with a nuclear warhead. I hear you but ISIS may attack a building for example but the market is reacting most likely due to North Korea having the capability to wipe out a city of one of our allies or even reach US land. You're right, I was only implying that even using my old way of thinking would have saved me a lot grief $$. It was my own precaution I used to take, as the the bad guys would love to replicate the pandemonium on the 9/11 anniversary and I like to be prepared. I am holding for a market reversal not selling out as of yet. As usual I wait until it us too late. My year has been pretty good until of late. I got greedy and moved my profits into some plays that went south. Still up, but not by much. |
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