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- Dec 21, 2020
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Looking at the equity markets today, my advice is:
Stow your tray tables. Put your seat back in the upright and locked position. Put away your laptop computer, and make sure your carry-ons are under the seat in front of you, or in an overhead bin. Make sure your seatbelt is low across your hips and tight.
Oh yeah... it's usually not a good idea to sell into a major market correction. As the saying goes: "Don't just stand there! Do nothing!"
It's funny when stocks fall people run away. This morning was an ideal time to add to my SPY position.
I love these days.
Long 511
Is it possible today may have activated the FED Plunge Protection Team? Executive Order 12631, signed by President Ronald Reagan on March 18, 1988, established the Working Group on Financial Markets. You never know when they are working but during crazy times you may notice a hint of their activity.
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