Standing Pat

I gave some color about the defensive action I took recently.

I reduced domestic equity exposure by 7%-8% in most instances and while I had thought I would quickly add a little inverse index fund I have decided to hold off on that for now. I want to give the most recent changes a chance to work themselves out as being either right or wrong.

The market is still only down a little. I am not very concerned about down a little I am trying to miss down a lot. I'm off to a good start if down a lot is in the cards but for now this is good.

As the normal caveat I am talking about longer term money. No outcome would surprise me in the next two weeks and I have no real feel for how to game the rest of the month. If you recall I thought October would be up slightly but kind of boring. The page hadn't even finished loading before that was wrong.