So the market got off to a roar yesterday, but is taking a breather today. There are definitely positive signs on the horizon. Manufacturing is picking up, Chinese banks are still lending, home prices have stabilized, unemployment could be falling in coming quarters, US banks are lending more and US companies have tons of cash.
I sold 300 shares of TMK and 300 shares of ETN. I'm still holding 100 in each. I sold ETN due to valuation and sold TMK due to their declining revenue base. I'm still not sure if their decline is due to a dislike of whole life ins or unemployment. I'll have to monitor it. I plan to use the money to pay off my mortgage. I also closed out my 2 put on ETN since I sold it. It cost me over $400, but I guess that's the price of insurance. Still searching for opportunities. I may have to go bottom fishing for companies like BAC. Most everything else is either too expensive or a piece of shit.
I may just have to sit tight and build up cash reserves. That can be the hardest feat of all...
I sold 300 shares of TMK and 300 shares of ETN. I'm still holding 100 in each. I sold ETN due to valuation and sold TMK due to their declining revenue base. I'm still not sure if their decline is due to a dislike of whole life ins or unemployment. I'll have to monitor it. I plan to use the money to pay off my mortgage. I also closed out my 2 put on ETN since I sold it. It cost me over $400, but I guess that's the price of insurance. Still searching for opportunities. I may have to go bottom fishing for companies like BAC. Most everything else is either too expensive or a piece of shit.
I may just have to sit tight and build up cash reserves. That can be the hardest feat of all...
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