With the big rate cut today, most stocks surged, and I thought it was a good time to take some of my FCX off the table in preparation for my portfolio balance in accordance with ranking I derived earlier. Now I just need to find an entry point to buy 1 lot of YZC, GRMN, CHL, and CREE. I believe, today’s rally, is beginning of a strong bull run, which will ultimately end with an inflation adjustment. In the meantime, it might be difficult to find a good pull-back to enter the market with my remaining buy positions.
2 Responses to The Big Rate Cut
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umm…there was no tax cut, it was a rate cut. But we know what you mean. And selling FCX???????? It still has an upside of at least 15%.
Its funny how many those errors I overlook. keep up the editor work.