The more I do this the more and more I want to run to month charts for my retirement account decisions and stop watching this daily grind back and forth with numbers that are right on edge. Bonds are just under my number at the moment at $107.96 and that buy line is $108. I know 4 cents !! Really? If this was a monthly decision I would have already shelved the idea for the next 4 weeks. Stocks are the same way. If I would have made my decision last Friday, I would not be typing this right now.
Ok, The S&P and Small Cap are now falling below that line in sand that I talked about in my last post and it is starting to look desperate for stocks. The sell lines have not been punctures yet, but another day or two like this morning and it will be all over for stocks.
Ok I have to simplify this for myself and this is what I'm going to do. I'm holding off on my one move to bonds this morning because if stocks continue to fall this week, I will have to use my second move in a manner of a few days. So, I'm saving my move this morning for a mass exit if I need it this week for stocks. I will likely run to bonds if I make the bailout. This is going to be a day to day decision for me.
Today? I do nothing but cringe!!
No comments:
Post a Comment