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Tom Armistead
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I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
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Tom Armistead's Instablog
  • Dealing With A Declining Market 1 comment
    Oct 23, 2012 10:33 AM | about stocks: SPY

    Today is not developing favorably, with the S&P (NYSEARCA:SPY) down 1.4% as I type this. Naturally my high beta value stocks are underperforming, so the screen is awash in a sea of squiggling red numbers.

    There is one green number, that would be my hedge, some puts on SPY that I picked up while the market was serenely floating upward to 4 year highs.

    Here's a link to a nice song, on youtube, I think I'll play it one more time and go for a nice walk in the woods, very pretty this time of year.

    http://www.youtube.com/watch?v=pMio4oCndXk&feature=related

    Stocks: SPY
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  • The_Hammer
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    Comments (5093) | Send Message
     
    Would think that any bullish sentiment in this market has quickly evaporated and reversed course over the last week or two.
    23 Oct 2012, 11:36 AM Reply Like
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