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Stock Market Under Trump
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Was able to open a small position in Boeing at $162. It's still above my preferred "buy-in" price of $150 but either way I believe over the long term it's going to give me some good returns. The market is "moderately down" and I use that term lightly given the high volatility that we have seen. Down 600+ points on the DOW has kind of become the new "normal" recently. Keep in mind we are still up for the week and if I recall correctly just yesterday we had a near 1200 point gain just yesterday.
Now I happen to be optimistic but I would encourage people to be cautious. There is the possibility that we could test the lows again, but at this point I don't think (hope) we will. Keep in mind a lot of margin calls were due today and I'm thinking that many of the "big boys" are doing some consolidation. Watching the last hour of trading will be interesting today. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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