I bought a 3% position.
Now that it's down almost 10%, I'm scared shitless to buy more.
Just listening to Siegel on CNBC ranting about how clueless the FED is with these punishingly high interest rate hikes.
Siegel is pointing to inflation has already rapidly come down and the FED is terribly wrong in hiking as it's going to slam us into a severe recession.
He pointed out that when the FED was keeping rates down their forecasts were wrong and they should have been tightening.
He's absolutely right, IMO. FED is absolutely clueless.