$.IXIC.US$ if you want to start nibbling at the q's or other...
$.IXIC.US$ if you want to start nibbling at the q's or other large baskets the S&P don't commit to 100% of your cash position today
we're off the Lowe's right now and you may be kicking yourself oh if I could have should have would have bought on the open I'd already be able to sell it in day trade.
put 20% of your money to work if you have the inclination to buy and then wait and be patient and don't worry if it goes up to 3% from where you bought it because it could just as easily reverse and if in a day or two we begin to stabilize at lower or higher you can nibble again another 20%
what you don't want to do is commit all of your money at one time if you want to go out to yours from today and buy a long-term equity option a leap on the S&P or the NASDAQ or a chip basket this is when you want to do it when the market is screaming in pain because you will have 2 years or 3 years depending upon your option for earnings to come back in and for stocks to get bid up. just don't commit all your money at one point in time because very seldomly are bottoms in a V
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Maniac Fool : VIX is dipping … thank god
MomentumPython1337 : sitting on 50% cash at the moment. waiting for some signal of stability but will reenter my favorite companies
White_Shadow : you make no sense
MomentumPython1337 Maniac Fool : last time vix was this high was covid and before that the GFC, it can be used as 1 component of a bottom indicator... tho nothing to say it can't go higher in coming weeks if Iran nukes israel lol
Maniac Fool MomentumPython1337 : Yup it was 103+ then jan2020
10baggerbamm OP Maniac Fool : understand that January 20 the world was shutting down covid that was far worse than what's going on right now on a level of magnitude exponentially greater because if you think about it companies were stopping production employees were not going to work operations for businesses stopped that's not what's happening today so you have to remember that that's why that vix this morning I think was a time that you can commit some money to the market not all because there will be earnings revisions downwards and if pal does not react today this week with a 25 basis point cut I think you can get further contagion effects with other markets because of margin calls because of leverage and it's going to be choppy especially going into a recession
Maniac Fool 10baggerbamm OP : Yes. Bought some in pre-market. Thanks