That's a pretty weak response today by the stock market. As in, after being down a bunch over the last few days, it's barely up today. Not good. So when the market gets going down, the smart get sellin'! Today is no different.
Add the Dow Jones Wilshire 5000 Index (ticker: WFIVX) and NAL Oil and Gas Trust (ticker: NOIGF) to the SELL pile. Yep dumped 'em both just now. Again, I'll be sad not getting the 12%+ dividend on NOIGF but again, I like the cold hard cash. 'Tis earnings season for the 2nd quarter and if they aren't up to muster (technical term) this market is going to poop itself. (I cleaned that up). Oh I also shifted my kid's 529 plan (a specific state offered savings plan for college costs) into a conservative portfolio from an aggressive portfolio. You catchin' what I'm layin down, baby?
So you can fret and be scared or you can do something about it. As they said in the movie Trading Places, "SELL Mortimer, SELL". Tomorrow we might even recommend a few stocks to buy to take advantage of what might be a pretty big downturn. Stay tuned y'all.
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