So I had started to work on a plan to reduce the number of stocks that I have and add to some positions and then the whole stock market goes crazy. Today is February 5th, 2026 and everything is dropping like crazy.
It seems like everything drops out. When there are many big stocks falling even when they are doing well financially, it must mean something. This is one of those times when people panic and start selling off, but I think the smart thing here is to stay put. Rather than making any of the moves that I was expecting to make, I will just let some time go by.
It seems that some of the worry is about software stocks. Salesforce and such, because someone apparently used a new tool in AI and created a clone of Monday.com by using AI. I guess that means that we might all start just asking AI to create the software that we use often. But even Intuit which does TurboTax has lost a lot of money even though this is the big time of year for them.
The Vix which tracks volatility and of course it will go up in times like these. But it seems like there is no safety in Russell 2000 or S&P 500. I also noticed that international stocks are doing poorly too. I guess that there are some changes I might make, but it totally messed up the plans that I had. I just am a bit afraid to make any moves. I don’t want to sell because things are going down. I think there will be a turnaround, but I have this funny feeling that it’s going to be scary for a while.
