October 3, 2013 Comments

And so the market was sweating a bit more today…

S&P 500 down 0.9%, Toronto down 0.8%

Most of our stocks were down a bit. I have some orders in to buy on dips but none of my prices were hit yet. I don’t want to get in a big hurry and buy heavily on say a 3% dip instead it’s more like start to nibble on say 5% dips (although I don’t use any strict rules, so my bids were not precisely 5% under recent prices). I would nibble slowly if the market keeps going down since I would not want to spend all the cash too early. And I am not saying the market will go down. I treat everyday in the markets as a surprise. Anyone who thinks markets are predictable in the short term should prove it by using options and leverage to get rich fast. I don’t know of anyone who has done that.

Next week we will start to get a few Q3 earnings reports. Possibly that will take some attention of the government issues.

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