idpickering wrote:monabri wrote:And with the DOW falling 830 points today, it looks like being another red day tomorrow.
Time for some Dorisian HYPing I guess. "What mini correction?" she'd say.
![Wink ;)](./images/smilies/icon_e_wink.gif)
I told my Wife we're due a pull back, but as has happened before, stocks will recover. As a HYPer, I wish I had more spare dosh to take advantage of the current climate. Either way, I'm holding firm. Are you doing some more Pickering Arb?
Ian.
See my latest post.
I'm "holding firm" in the sense that I'm not selling, but I'm and advising caution rather than going jumping in with all you've got. Some accumulation of cash on the side at this time may be no bad thing, for once a market fall starts in earnest, there will be plenty of time to take advantage - even if the market rises, there will be no great losing out in terms of income opportunity missed - at least that's my view. I'm sure I will be still investing slowly over the coming months, as I usually do, but if I can summon up the
patience I'll spread it out as much as possible. Patience was never my strong point!
Dorisian HYPing, I suggest, applies to a HYP already in existence, rather than new funds being invested. And yes, Dorisian in the sense that I took the decision years ago that when we hit another large market fall, I would stay invested. That's pretty much what I've always done since 1986, and won't be doing anything different now.
Arb.