The first week of 2016 has been the worst in the history of the stock market. My January Effect portfolio has been reduced to smoke and ashes. I did have some shorts on for a hedge, but not nearly enough. I had individual company issues also: SKUL warned of a bad holiday season and the stock tanked 25%. This was the largest holding in the portfolio. So far I have sold some positions but I am holding others, as most technicians believe we should see a bounce here in the general market for the next week or so. Long term though, most are looking for a much larger correction (as do I).
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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