Dividend Growth Investing, Retirement Income, Stock Market Investing, Stock Market Timing, Uncategorized

Brexit Angst

I don’t need to tell you what happened. Britain has voted to leave the EU, and the world wants to make them feel a ‘world of hurt’ for their decision. Fine.

I had to update my timer first. It’s reading Medium to Low risk with today’s smash. It would take a little more downside yet to get everything in place. I’d love to see some more of that next week. I’ve a few of my indicators that have signaled, and another 1 or 2 are close, but others would need some more time… and some more pain, yet. I hope we get it.

You can still find some rather amazing price strength in these issues right here: UNH, NOC, SYK, LMT, RAI and DG.

If, after a weekend of further assessment and research, the markets should want to open poorly, and fall any considerable bit more, say, greater than 1% or 2, come Monday morning… I’d want to step into that, and accumulate some shares. This could be, as some are calling for, only the beginning of something truly significant. If it is… then, we’ll buy some more, at still better prices!

__________________________

As of 6:30 am EST, futures are off by 1/2 of 1% or a little more. There’s still much uncertainty, and the markets HATE that. We hope to capitalize on it!

Here’s to your successful investing!
Harold F Crowell

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2 thoughts on “Brexit Angst

  1. Richard says:

    Perhaps Margin calls will possibly deliver some additional downside early next week and that may trigger the algorithms to slice off another few trillion of market cap. Cash especially denominated in US dollars looks to be momentarily King …just watch out if the dominoes gain some momentum going down…zero interest rates and QE and … Ah well we will see what happens

  2. My guess is we’ll bounce a bit, as some ‘bargain-hunting’ comes in, but then some further decline… almost for certain, as UNcertainty will likely regain a hold for awhile. Harold

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