Are you going to take advantage of today's declines or do you think the washout here could stretch out for more days? For me, this is the first time in my life that I've been around something like a downgrade of the US credit rating, so I'd like to know your thoughts.
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On many stocks we have gone back ~14. That's not a huge pullback. 🤷♂️
I might take $PFE+3.4%, but no big purchases are going to happen. My WL is still too high. I'm waiting.
I sent something in. Disney, ASML and Pfizer
A downgrade increases the cost of financing US debt. This increases pressure on the federal budget. It's also a first for me, but I think the markets may continue to fall. Unless AI mania or earnings mania pushes it higher again.