| The more things change, the more they stay the same.
This time 3 years ago, people were fretting about market valuations, including me. I was inadequately invested and watched the S&P bounce from 1,740 to 1,885 in one month. Warren Buffet was quoted in the news saying that "a bull market is like sex, it feels best when it's about to end." It seemed so obvious that the S&P, which had hit a generational low of 666 in 2009, was stretched beyond its breaking point, having climbed approximately 150% in 5 years.
Now, here we are 3 years later and the S&P is north of 2,350. Inconceivable, (extra Princess Bride), right? Well, I've never claimed to be a brilliant market timer, just the opposite, but it would be nice if I could (somehow) seize on a corrective dip . . . and let ride a few passive funds.
Anyway, this month I added to my SEP-IRA and made a quick trade that netted me about $35,000. Other than that, it's been a quiet month and I continue to look for opportunities. |