The tech stock selloff saw a major reversal yesterday. While it’s too soon to tell if this is a push higher, a pause before another drop, or a sideways trend, one fact matters. The Nasdaq took a 10 percent dive before this big push higher.
That’s similar to how markets reacted in 2009-2015, the last time interest rates were at zero percent. A 10 percent correction, or close to it, was enough to shake off any short-term fear in the markets during those years. That was a reliable buy indicator, even a better and more reliable one than looking at technical indicators like moving averages.
Do you see Tuesday’s rally as a sign the selling in tech is over? What strategies are you employing here?
Hit reply and share!
Now here’s the rest of the news:
Today’s Stock Market is a Casino Powered by Easy Money and Boredom
The “boredom market hypothesis” explains why people stuck at home might gamble their stimulus checks in what’s become the world’s largest casino. Here’s what that means for your future… [Read Here]
Congratulations Workers! You Make 13 Cents More Per Hour Than You Did in 1973 –Mike Shedlock, TheStreet
Average hourly earnings rose from $28.51 to $30.01, up $1.50 an hour. You only saw $0.38 of that because inflation-adjusted wages only rose from $11.02 to $11.40… [Read Here]
March 10, 2020
Good … morning!!!
It really escalated quickly over the weekend and that escalation poured into the open on Monday as trading was halted. Yes, the curbs came in as the S&P dropped more than 7% during the cash open.
These are the types of trading days you remember for a long time, and some investors probably didn’t make it through today. As Billy Joel sang, “these are the times to remember, cause they will not last forever.” At least we hope these types of days don’t last forever.
“Our brains process images 60 times faster than words and when you see the beauty of inclusion you see its potential.” –Marie Forleo
March 10, 2019
Tom Paredes told me…
Stop trying to ﬁx all of the problems your distributors face. You can’t ﬁx all of problems. Even the government with an unlimited budget can’t ﬁx all of the problems.
Instead, give your distributors vision.
“When a distributor has a vision, nothing gets in his way. When a distributor doesn ’t have vision, everything gets in his way. ”
This advice has saved me hours of grief. 😉