Warren Buffett saying time … “Be fearful when others are greedy, be greedy when others are fearful.”
Markets appear scared. Selling down 1% on Friday and futures are pointing towards another 1% drop this morning.
London’s FTSE is leading the way, down about 2% at writing. PM Johnson is in isolation after contact tracing pinged him and several members of his cabinet for coming into contact with someone positive for COVID-19. Reopenings are still in full swing in the UK.
Oil prices are falling as OPEC reached a deal to increase production.
Bitcoin is holding up remarkably well considering the overall market.
I remain risk off. If the selloff intensifies we could have some great opportunities emerge from the ashes. I’m patient this morning.
*STAF is more than 10 days out from its reverse split. Watching for any news. May be time to drop the rest of this position.
*AHT reverse split is effective this morning it’s on watch.
OTC (on watch, no levels):
HTZZ, RECAF, DPLS, MJWL, NLST, LWLG, LKNCY, ENZC, LCLP