do you still stand by your run to liquid in mid March ?
Can you point to where I said that? Browsing through the thread, I can't seem to find where I said that in mid March. The closest I can find is Feb. 27th where is said
IMHO the prudent thing to do is to stay on the sidelines. If one has some losses, holding onto them in hopes of recovering might end up in a painful lesson. Regardless of the current COVID-19 risk, the market was in place for a correction.
and in another post on the same date
I wrote that I think moving to the sidelines due to uncertainty is prudent.
and in yet another
Indeed, which is why getting out now might not be as hard or painful as it might be after an additional drop.
The market did indeed drop further after that, and IINM is still lower than it was then.
Then on Mar. 2 in response to someone saying that there are solid companies that are good buys, I commented:
If oversold to the point where P/E is low and/or dividend yield is high (but beware of value trap).
And I also wrote about my own portfolio in another quote on the same day:
I am not totally out of the market, I just moved a larger portion into cash. 2008 was terrible, but it ended in March of 2009. When there's blood on the street, cash is king.
In hindsight, I can tell you that had I liquidated also my holdings in some other companies, which are lower today, and bought into them a little above their March lows, I would be sitting on some handsome profits.
Where do we go from here? IDK. I personally think we will retest the March lows, but I could definitely be wrong. I do think we are still in for a bumpy ride.
