The End of the Trading Range.
The 1970s oil crunch caught the Gigantic 3 with their pants down and history has just repeated itself. The rescue of Chrysler caused the company to dump 1/3 of its roles. There’s no doubt the passing of the Massive three would cause an extra blow to the economy.
What To Do Now in the up to date trading range, we reconstructed the Focus List with less economically-sensitive firms. While the portfolio won’t be resistant to further downswings in the major indices, I generally feel OK about what we are at present holding. COM bag of goodies and you can never screw up with such trading tools in your box of tools. we are a video convention from the best of traders.
Bill Poulos
