Conventional wisdom is to buy the dip in the markets. Conventional wisdom can sometimes be wrong, but in the case of the stock market, is usually right. Those who bought stocks last year after the market dropped 10 percent might have had to sit tight for a few months, but have been richly rewarded a year down the line. Those who waited for a 20 or 30 percent drop did even better, but such big drops in the market occur typically about once a decade on average.
Enter Cathie Wood of Ark Investments. The tech investor spent last week’s more modest 7 percent drop in tech stocks as an excuse to buy some more shares. Her rationale? All stocks need a periodic “reality check” and investors who take advantage of short-term drops can be set up for long-term success.
How much does the market have to drop before you start adding to your positions?
Hit reply and let us know how you’re handling the increased volatility.
Now here’s the rest of the news:
Treasury Market Had a Cow… –Wolf Richter, Wolf Street
…mortgage rates jumped, Wall Street crybabies clamored for help, junk bond yields remained in la-la-land risks be damned! And the Fed smiled satisfied upon its creation… [Read Here]
March 03, 2020
It was on this day in 1938 that oil was first discovered in Saudi Arabia. That was 82 years ago and look where the Middle East is today in terms of wealth and OPEC production cuts.
Well, at least oil saw a little resurgence on Monday on the news. I guess we can all celebrate this event by filling our tanks. This one’s for you Saudi Arabia!
March 03, 2019
My logo designing didn’t go as well as I had hoped yesterday! With the use of different video idea and graphic design software… thing were much better. The video below is quite long but proved invaluable…
Getting late in the evening… so I will resume tomorrow, hoping to wrap my logo design up! 😉