If you are interested, I did sell a little domestic consumer today ten minutes before the close. I sold what is for most clients 1.5% of the portfolio with this trade.
From here I could get jerked around a little with the market but at this point being wrong would be a shade of grey.
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4 comments:
Congrats on your firm resolve to follow a process. Win or lose in the short run, it is the key to winning in the long run.
Thanks for the insight to the actions you take.
I like your overseas exposure more and more. Investors have been waiting for Europe and Asia to decouple effectively from the US for as long as I can remember. Arguably, it seems to be happening. For many years, the tone of European markets has been set by "last night's close on Wall Street"... but we seem to be shaking it off. Not for the first time this year, we are seeing healthy opening trade in Frankfurt, Paris, Zurich and London after painful falls in the US (much occurring after our markets closed in Europe). Maybe it's only a relative game, but similar global multinationals are seen trading on rather lower multiples in Europe (and much of Asia) in comparison to their US peers and I think investors are taking this on board.
thanks for all the comments.
one idea of this site is a look over my shoulder warts and all.
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