Stock Market

From this perspective it appears that I was way too early buying this dip! In my defense, I REALLY thought JPow was (had to) surprise us with an early 25 basis points last week. It seems I’m not alone in thinking he should have and now must! All to say, Damn the Torpedoes and hang on! I ain’t lost anything (yet).

If I had a 15% stop I’d had lost a bunch this morning and missed the opportunity to get around 5% back between the bell and the first half hour of open trading. I’ve been down here before (1/19, 3/20). It’ll come roaring back whenever JPow gets off his butt! Just wish I had a little dry powder this mornin’.

Happy hunting!