SPDR S&P 500 (SPY): The CNBC special at 7 pm last night said...

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Re: imiloa post# 149740

Wednesday, 08/26/2015 7:25:53 AM

Wednesday, August 26, 2015 7:25:53 AM

The CNBC special at 7 pm last night said the sell off was related to large sales out of mutual funds that piled by scared retail after 2:30 pm.

Fortunately I had executed my pre-noon transfer of 40% of my retirement (which was all out in May) back into some index funds (SPY, EFA and mid/small caps) and got to purchase all of those cheap shares at the close! smile

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