Originally Posted by e1618978
If things go down more tomorrow, I am loading up - 15% of my net worth disappeared in the last two months, but I kept one third of my powder dry and am buying Apple, Corning, Take Two, United Healthcare, Google and Gamestop tomorrow.
What are you doing in these dark days?
Well I'm biding my time. Just as this massacre was foreseeable over 2 years ago, right down to when it would begin, so are the coming further slides. The market has got a lot more downside yet. Whether that is going to be catastrophic or not remains to be seen.
The USA has dug itself a very deep hole of debt, funding absurd consumer spending. The question is will the USA pay for its own mistakes or will China and the other Asian lenders pay it for them?
I have been sitting on a lot of cash waiting for the shit to hit the fan. Now that it is splattering all over the walls I'm waiting for the air to clear to see whether I can safely move it into equity.
I can't do anything about the investments I already have through superannuation, all I could do was restrict any additional contributions. So at the moment like many others I am sitting slightly uncomfortably on the sidelines hoping my cash investments stay safe until I can use them.
The only positive things I can see are that this will cause the current US Administration to be thrown out on its ear (a pity they can't be held more accountable) and that the environment will get a slight respite from the assault upon it by "economic rationalism" aka unrestrained short sighted greed.