IN THESE TROUBLED TIMES – WHAT I’M DOING
Posted on September 17, 2008 at 23:35 PM EDT
Yes, I did say no blog today, but since I'll be traveling on Thursday, I wanted to share the following with my loyal followers. As I have been urging Get defensive Set tight stops Don't lose money Remember bullet #3 With that I have moved my monies into "safe" Treasury ETFs such as TLT , TIP , and SHY . And as stops have been hit and positions have been closed what to do with this accumulated monies? I have bought GAZ and GDX since they have been bucking the market slide. I'm seeking negative market correlations which is a positive feature at this market juncture. Likewise I'm monitoring the following funds: DVY - ISHARES DOW SEL DIV close above $57.00 HRP - HRPT PROPERTIES close above $8.00 IAT - ISHARES DJ US RBIF close above $35.00 ITB - ISHARES DJ US HCIF close above $18.50 KBE - SPDR KBW BANK ETF close above $37.00 KRE - SPDR KBW REGIONAL BA close above $37.00 PEY - POWERSHARES ETF close above $11.00 RKH - ML REGIONBK HLDR close above $115.00 SDY - SPDR S&P DIVIDEND ET close above $51.00 XHB - SPDR HOMEBUILDERS ET close above $19.32 Yes, there are no short funds and there are a lot of financial funds, rather counterintuitive. Time will tell if these positions are profitable. We are probably looking at a long time period for this secular bear market to do its job on bringing the stock market. These are tough times that require tough strategies.