Dividend 15 Split Corp II T.DF

Long time market bull Tom Lee turns bearish

[flamingogold]

There are perma bulls and perma bears. Coming out of covid Tom Lee has been one of the stronger bulls out there and his record stands out from the rest. For the first time in years he's now calling for a pullback up to 10%. At current market levels, that's not a disaster and fits into the "correction" territory. No recession either. I'm liking this ride, but a 10% selloff would be a nice reset on the road higher. Without it, the higher and higher we go before one just opens the door to a more viscious selloff.

The higher we go, the more I have been moving out of split commoms and into prefs except for some core positions like DGS where my average is in the 1's in a TFSA so will hang on to that one forever.

https://www.cnbc.com/2024/09/19/market-bull-tom-lee-hesitant-to-jump-into-this-post-fed-rally.html

[mouserman]

If 2025 sees only 10% down... i will be very surprised... US election years are rarely down markets.. but the year after.... not  more of the same at all. Stock market researcher Yale Hirsch published the first edition of the "Stock Trader’s Almanac" in 1967. The guidebook became a popular tool for day traders and fund managershoping to maximize their returns by timing

[mouserman]

According to Hirsch’s theory, after entering the Oval Office, the chief executive has a tendency to work on their most deeply held policy proposals and focus on fulfilling campaign promises.   As the next election looms, the model suggests that presidents focus on shoring up the economy in order to get re-elected. As a result, the major stock market indices are more

[flamingogold]

Tom Lee is a perma bull so I'm not surprised his expectation of a selloff is under 10%. We are getting a little over heated so selling could kick in soon. For volatile splits it's best to have stops in place just in case. It's unfortunate to miss out on a distribution but worse is getting trapped and having to wait for a comeback which could take months to years. The last time DF was

[mouserman]

Bought more today, DF looks allright to me, and I like MFC as the biggest holding.. I dont see any downside until after the US election.. the incumbents do NOT want a crash.. or even a pullback , just ahead of the election. Now come DECEMBER... well that is another story.

[flamingogold]

It's beginning to look like that. I have not raised my cash position but I'm happy to sit in safer prefs for now.