I think the market is overly panicked and I will sell all my...
I think the market is overly panicked and I will sell all my long positions in Treasuries tonight $iShares 20+ Year Treasury Bond ETF (TLT.US)$
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LUIGIBeatsTheMarket : Why do that when rates are coming down soon?
Arsoni5t LUIGIBeatsTheMarket : Because he thinks the rate cut has been priced in and more, which I don't think is true. The Q2 earnings will keep coming in and they will probably confirm people's suspicion that the economy is already in a recession.
lee… OP Arsoni5t : yes!
RC84 : I also do the same thing. Sell some 3X TLT and buy some dip stock.
Arsoni5t RC84 : Too early to buy the dip. The dip usual dips even further at the beginning of the recession. But hey, maybe you're right.
lee… OP Arsoni5t : maybe we can find some company that can give us much dividends
Arsoni5t lee… OP : Maybe consumer staples