Feb. 26 at 12:56 PM
$FEZ Bought
$1000 in my permanent stock portfolio. (.7%) This is along with
$1000 in a 3X euro fund (
$EURL). This would be held through a downtrend in the markets of course. Let's say as a market participant I'm bipolar. I think the market will crash, and reach new highs, all the time, sometimes both in the same day. Though I do have to admit, both sides of my portfolio are strong for the most part (bull and bear). But if I waited for a dip to buy
$SAN for example, it never would have happened. Spains companies, anyway, are dirt cheap. The world moves quick. This is both a flight to safety, a hedge for risk, and a value play. Europe is dirt cheap compared to the US in valuations. Of course there is lack of innovation, centralized support, and for the most part many in Europeans work for American companies, so lack of talent too, but this won't always be the case. So I consider this to be a value play and don't care about technicals, just timing, if that makes sense.