I got a call early in the morning, asking me if I wanted to be on. Of course, I checked my calendar and said yes. The open that day (July 8th) was bad. It was looking like the start of something interesting, but that faded fast. Like the last few months, we have seen a few bad days like May 12th and June 18th.
Here is my bottom line: bad days are normal. For me, unless I'm just looking to add some fresh cash (think dollar cost averaging in a long term portfolio over time) - I really need to see a few more days in a row, or a proper 10% correction. And no, it doesn't count if that lasts for 5 minutes, I want to see the close look ugly. Why? Because then you can ask yourself if this is a time to rebalance your portfolio, using volatility as your friend.
If you know what you want to own longer term, use 10% off sales to your advantage. However, that Thursday was another tease, because the market does not make anything easy.