The Investment Thread

Welp off phone with FA- ( returned today )

Said we usually see a 5% correction 2-3x a year
a 10% correction 1x a year

We hadnt had in 2 years- either

Said we are in the 10% correction territory now ( 8.8 % on S & P while we spoke )

Said thinks markets are starting to "bake in" recession fears. Also said April 10 is GDP day, along with April 1 being 1stQ results. If GDP negative or stagnant, watch out.

We are gonna meet later in week to start re-balancing - getting out of airlines and travel/leisure type stocks - build up a war chest of cash and also look at consumer staples to invest in.

my hope at this point is to eek out 3-5% returns y/y until we get clarity. Said the MAIN issue is the uncertainty coming from WH. No one there knows crap about economy.