It was fun while it lasted – but the US Stock Market is back to being overvalued. My stock exposure is sitting at 20% (based on a current Shiller PE of 29.26).
The only Stock I was put during the brief December 2018 correction was Anheuser-Busch InBev (BUD). I currently have a $2,425.00 profit in the BUD trade (entry price of $68.24), but I am holding on for the long term.
I am letting my remaining options in Enbridge Inc. (ENB) and Enterprise Products Partners L.P. (EPD) roll off today – full profit on both, but I would have rather obtained the stocks.
The Fed’s Dovish Shift has pumped up Markets in 2019’s first few weeks – but I am not sure it can last.
Heading into a long week-end, time to chill to some new Stephen Kellogg:
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