Hi agip and racket, yes, it’s very narrow, which atm is good for me. While I am somewhat diversified, I am heavyweight everything that is currently up. I think my entire financials are equal to my AMZN or MSFT.
Agip how is it that you manage to be down 10 basis points regularly? Very curious, serious question. I am new to this buy-and-hold mentality, which is why I have put in only 5%. We’ll see how long I can keep it up. Unfortunately it has started off very well, because not only did I capture some of the general rise, I have managed to keep gaining a bit, through the turbulence.
Normally I would have sold by now. As you know, I’m cheap, I have a large collection of pennies picked up in front of the steamroller, clearly the analogy is no longer a good one.
Not only are markets thin—up or down—but vol doesn’t seem to be huge. I take that as a good sign, with little rotation and chirning in favor of a steady-state small inflow (my fantasy).
3M is interesting, years ago they made a big commitment to asia, especially China. I haven’t looked deeply into 3M today, but they might be a good bellwether of Chinese industrial demand.