Another rough day in the equity markets–although maybe prices have found their bottom for the day. The S&P500 is off about 4.3% from the 52 week high so hardly a ‘correction’ (actually not a correction at all–just kind of a wiggle).
Interestingly interest rates have moved a few basis points–and checking my accounts they are just as ‘quiet’—very quiet.
The week appears to be a quiet one for income investors–and I suspect for new issue issuance–who wants to mess around with new issues when it is a holiday week and folks are rushing to do some last minute shopping (I know I will be tonight–no use rushing these things!!).
For now I am doing zip–nothing at all investment wise. I have boatloads of monthly payors and they are doing the job right now–not sure I want further commitments before the new year.