US Stock market amid
oversold conditions has been up 3 days in a row on news of the
$2Trillion Coronavirus Stimulus Package
I took this opportunity to raise cash (
STFR=>"
Sell the F*cking Rally") so I can have more dry powder to
BTFD on future down days ahead. This market bottoming process is NOT finished yet by a long shot so I will have to be very patient.
Disney has been a decent performer for a while but their business has been badly affected so I will partially cash out some gains for now and wait for better entry points (
very soon probably๐
)
Ford is
-44% down YTD with its
dividend suspended!. I'm getting out while I can with a ~
40% loss.๐๐๐
Simon Properties is getting killed in the retail mall sector. Current economy lockdown has many of its tenants with
ZERO revenues and
UNABLE to pay rents. I will trim more of my positions in this sector going forward.๐๐๐
Vanguard Total Stock Market Index Fund represents the whole market which I believe will continue to struggle for a while so I will wait in cash for now or just trade any wild swings going forward.
Disclaimer: All information is provided as-is and is for informational purposes only.The stocks mentioned in this blog are not considered to be past, present or future recommendations to buy or sell them. Ideas presented are just my personal opinions and are NOT be considered as investment recommendations or advice. All investors should consult a qualified professional before trading any stock.
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