Catch a Falling Knife?
Over the past week, I’ve begun nibbling. It started with GE in the low 20’s. Target (TGT) was quick to follow. Today, I added to my Bristol Myers Squibb (BMY) position and started one in Pfizer (PFE). I also began the transfers needed to fund my and my wife’s Roth for this year (another $5k each under the current rules). Those funds will be used to further nibble as we are hopefully coming close to a bottom/oversold environment where the baby stops getting thrown out with the bathwater. If things stay hairy, I’ll likely start a 6 month CD ladder with the funds instead.