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Stock Market Under Trump
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(02-25-2020, 05:09 PM)jagibelieve Wrote: This is looking like a good buy opportunity for some sectors. While I normally like the technology sector I would stay out right now as far as new buys. For now I am still holding, but I have stop losses put in with my brokerage. I would stay FAR away from anything related to travel. Energy and materials might yield some decent gains as well as healthcare. It's too late to jump into treasuries (bonds) right now if you didn't already have a portion of your portfolio in them. Remember the "flash crash?" May 6, 2010. A lot of people had stop loss orders and had their stock sold automatically. Some of them even wound up automatically selling at a price below their stop loss order, because when the order to sell was initiated, there were not enough buy orders at that price to get the stock sold. Then at the end of the day, the market was back where it started. Except that some people had lost a lot of money because of stop loss orders. |
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