What the heck’s going on in the market?
Most of my good companies, which for the most part have been announcing nothing but good news, even very good news, are selling off with the rest of the market.
Why is this happening?
Who knows? It happens now and then. I personally believe the risk of a nuclear war with Russia over the Ukraine approaches 0%, and if there was one, it wouldn’t matter what stocks we had anyway because we, and all the companies, would be obliterated. If you have another good reason for the sell-off, please tell me.
What did I do to prepare for it?
I sold off all the extended stocks with PE’s way out there, which had a long way to fall (3D printing, Z, etc). Almost all my stocks, and certainly all my large positions, have PE’s of about 30 or less (except SZYM which is a medium position at present, and PRLB and AEYE which are a small positions). They are all growing nicely and I feel the risk of total collapse of these companies is negligible.
What did I do in response to the sell-off?
Bought more of my stocks that had fallen a lot for preposterous reasons or no reasons at all.
What do I think about this year so far?
It’s been a tough year. Small Cap stocks are down about 7-8% or so on the year, from what I’ve read. It’s a year to test your mettle as an investor. There has been NO euphoria in the market and NOTHING to suggest an overall market top, but guessing the market is certainly not my specialty.
Good luck to us all for the rest of the year!
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