My advise would be not to get caught up in daily price movements, focus on volatility levels and longer term price trends. My expectation is for continued high levels of volatility with some up and some down days, but for the overall longer term trend to continue to be negative. When/if the Dow Jones hits 20,000 I am in at a 25% allocation. After that I will continue to add exposure each time the Dow declines another 1,500 points, if it happens. I hope my expectations are wrong, but it’s good to have a plan.
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