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@kellykline
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Seth Golden posted an update 7 years ago
Sometimes its a good idea at this point to sit back and let the market do what it’s going to do. Nicely in backwardation! Better to layer onto existing positions in the next week as we see how markets develop from here over the weekend. I’m up to 18% core in the Golden Capital Portfolio and placing today’s scalps into the core holding. Liquidity…[Read more]
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Seth Golden posted an update 7 years ago
“The House passed a last-minute bill to avoid a government shutdown Thursday night, sending it to the Senate, where it faces a much higher hurdle on the way to President Donald Trump’s desk. https://www.cnbc.com/2018/01/18/house-has-the-votes-to-avoid-a-government-shutdown-now-comes-the-hard-part.html
Down almost 5% on the Dow now. So we broke that long record that they been talking about. And this is a good thing it finally happed right. Soon normalcy comes back? After the parobolic month of a life time just got beat up?
Yea, I would think we get some spill over into Monday, possibly stabilize Tuesday or Wednesday and then find the market trading sideways to higher. So possibly another 1-2% downside before all is said in done IMO!
Thanks