(08-07-2019, 10:14 AM)HURRICANE!!! Wrote:

(08-05-2019, 05:03 PM)jagibelieve Wrote: I wouldn't panic just yet, but being cautious isn't a bad thing.  I lost a good deal of profits today but I am still "in the green".  I have some stop-loss orders in place should the market fall anymore.

Hope your stop-loss orders are working properly -- down 400+ right now.  I ended up moving to a 2010 plan which is only 50% bonds so I'm still incurring some market risk --- seemed like a good idea at that time i was making the change.  The cool thing is that if we minimize losses throughout the instability of China trade war and No Deal Brexit, we can go aggressive during the upturn as you know Trump will do everything possible to have the market in an upturn during the 2020 election year.  Word has it that China may try to ride this out until our election.

My stop losses kicked in early this morning.  I took a loss of some of my gains, but still outperforming the S&P 500 for the year.  I am earning some capital gains on my bonds though.  The 10 year treasury yield took a crazy ride today dipping down to around 1.57 from 1.62 at the market open.  Since then as of right now it's back up to 1.68%.  Expect another rate cut soon, most likely in September.  I suspect by early next week there will be some bargains to be had on certain stocks/sectors.

China probably does want to hold on until after our election, the question is can they?  European treasuries are yielding negative interest rates so there is a big flow of money coming in to the bond market right now.  I guess it could potentially be good news for people taking out a mortgage since the interest rate on a 30 year fixed is probably going to be down to nearly 3.5%.

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