Any thoughts on stock market today?

By hgpark888, June 20, 2013

After Bernanke’s speech about pulling stimulus off the market,
it has been quite a roller coaster, what does everyone think about that?
I have been saving up for the stimulus or some kind of event to trigger the pull back for quite some time and I think that the time has come, but I would like to wait until Monday to see how the market is doing.

Anyone thinking of shopping?

Does anyone think that maybe we should wait a bit longer until we move in?

Any insight would be greatly appreciated.

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I am buying selectively but not full positions


Nibbled lightly….

This market turmoil could be a good opportunity to acquire good stocks by selling puts on stocks you would like to own anyway. Chose a price that you would be happy to own shares at (even though there’s no way to know what the eventual bottom might be, but for example pick a good technical resistance point), enter a put “sell to open” order with your broker, and consider the put to be your limit order. You get to keep the proceeds from selling the put, so that income reduces the effective price of your stock even further. If the… Read more »