Post by
deisman03 on Aug 19, 2024 3:11pm
High trade volume today?
Unusually high trade volumes today.
I wonder what's going on?
Bit late after the payout and a bit early to take advantage of the declaration date run up.
Maybe people getting jitters before the upcoming Fed announcement in September?
Or maybe just seeing more risky but better opportunities elsewhere?
Lots of Doomies predicting a hard landing and deep recession all across the world coming soon. I wish I had a crystal ball.
One fellow told me he's jumping into bonds, for lower risk and preservavation of capital, even if there is little profit, if any to be made.
Could be some very interesting volatility plays coming up.
I still look back to that waterfall dip of 2020 when the price of BK commons dipped below $3. I didn't trust the dip or bounce so didn't buy back until $4, when it looked to be solid.
Such volatility comes around a couple of times every decade, sometimes we miss them or are unprepared financially to take advantage of them and hope to regain our previous postions as the markets improve.
I've missed a few and done well in a few.
It's also why I'm happy to have taken some astute advice a few decades back and keep at least 35% cash in my portfolio.
I'm not advising anyone to do this by the way. I was lucky and it worked out for me.
Yes, there were some dips along the way, but my lifestyle didn't change for the worse, and in the end, that's what it's all about for me.
It appears there may be an opportunity coming, but maybe it's all smoke and mirrors?
Still, today's volatility is telling us something.
Now we just have to figure out what.
GLTA the good folks here.