Death Cross, not just a Christian Metal Band

The Death Cross weighs on us.

The Death Cross may be the place to take defensive action. For us that means selling something and letting it sit in cash until we feel like we can buy it by. Alternately, we can selling something that is falling and buying something we think will do okay in this financial climate.

We are pretty terrible at timing things, because honestly we don't put a lot of effort into monitoring our portfolio between meetings. That makes our timing more macro. Doesn't that make it sound fancy?

Knowing who we are, we're probably going to let it ride. This seems like a good long-term play anyhow. Of course, this approach works better if your portfolio is super-diversified.

We continue to do the Death Cross watch on SPY. 

But look who just Death Crossed. Thanks EWZ.

We have a portfolio that has a lot of stuff in it. By our understanding, it is pretty diverse. We buy. We hold. So SPY is tanking, so we probably don't want to buy it while its tanking. But we really should consider buying some when we think it's hit the bottom.

Or, do we diversify outside the US? A lot of purchases have been domestic. We should look at that.

The next time we meet, we need to do an update to the KOL account summary.