I feel like there is some serious sideline cash out there waiting for confidence. I don't think it's over forever. But I do know that the rules have changed -- maybe forever.
We all know it's not us little people swinging the market. And those big institutions that are dumping stock will be back to scoop it up. When? Who knows?
And I have been saying for a long time that it is not just about me and mine. This thing has arms and legs and heads sprouting in all directions.
We have just completed a building project. We put that in line in front of a second home -- for now. I have seen this thing up close in the eyes of the wonderful people we hired to work here.
And even my buy and hold Cincinnati soap is on a slippery slope.
But I am not all gloom and doom. You really do not have to read this post out loud in a voice that sounds like Eeyore. I have actually been thinking about doing a little sniffing around for a tiny basket of solid dividend payers.
But I never buy anything that I do not understand. Well, not since that unfortunate bubble dancing I did in the 90's. I sure learned though. Experience is the best teacher, you know. This time I am thinking boring, solid, beat up stocks. But I also do not think I need to be in a big hurry. No sudden moves. And just a little.
I realize that some assets are more covered than others. But I also know that we are in this thing together. It's the biggest picture I have ever seen.
Boomer Babysteps
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