Right. Was just clarifying what I posted and the 2 year timeframe instead of one. Another bath today and it looks like nasdaq lost more percentage wise. I only glanced at the numbers. Had 3 lawns to mow today. Ugh! At least it was nice and cool.
Yikes!!! Just headed up to a Bizarro now. Room already there. Tiny budget, but just to get away for a bit. 67 here at 8:45 pm in CT. By the way, you are right about the professional liars. From the top and all the way down.
Life comes at you fast. Energy stocks (XLE) -20% since Wednesday last week. Crude only down a few %.
Possibly the stocks are reacting to threats from politicians. Question becomes which companies are least affected by the punishment measures. I remain focused on South America (EC, PBR & YPF) because everyone already expects their profits to be stolen, and they have government ownership which may discourage politicians from killing the goose.
I'm still not convinced of sustained near-term inflation, but I view these holdings as cheap protection.
I'm reducing my remaining energy stocks. Corporate insiders are selling, and Cramer is buying. Still holding EC and YPF, and will buy much more if they go much lower.