My scores in archery have too often reflected the fluctuations in the stock market. President Trump can stop blaming Obama and aim his Tweets at me.
I had a brief spike and my practice was excellent. The stock market spiked the same day. My wife pointed out that it was just a “dead cat bouncing.”
A few days later I am about to buy a pile of cruise line stocks. Seriously, I was thinking bargain prices. Sure, a lot of folks remain investing their money into toilet paper. I was also wanted to take a swipe at Proctor and Gamble. You bet their stock is up. Cruise lines on the other hand are a deal.
The gamble is that the travel company has enough reserve to float this temporary sinking of prices. I was on a web page looking at financial reports and had picked a prize. Then, I got vetoed.
‘No, we need to save our money,” was the order. I pleaded, “In six months our investment could nearly double.”
There have been times when Brenda, my wife, wanted to pour more money into stocks and I held. Today, she held the purchases. Life is a balance. My prior veto worked out well.
What is happening at the moment, investors reeling in good buys, may be another dead cat bounce. I suspect I’ll wish we taken this bounce for a ride. In know because my archery practice was good today.