October massacre in November?
Perhaps the October massacre is going to be a little late this year. Since October 31st, the volatility has been way above average, but the overall direction appears to be sharply lower. November 1st and 7th both saw the Dow drop in excess of 360. As I said in an earlier blog, It is a good time to keep some cash on hand for bargains which may appear in the future.
Here are my seven largest holdings as of the close of November 7th, largest first: PCU, CNQ, BPT, GLYT, ATW, DE, and BHP.
Here are my seven best gainer, percentage wise: BHP,PCU, PX, MVL, CNQ, PCP, and ATW.
I still advise avoiding financial stocks like the plague! Also avoid any stocks involved in housing and mortgages.