LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
I disagree that an 8% one-day drop is a minor move at this point. It is true that yesterday's uptick was spectacular, but it wasn't 8% up in one day. It is also true that the market is still higher than it was at some of the low points of the year. It is also true that today is not as low as June 14th lows if one takes into account the dividends paid this month.
I think moves like today are not 100% based on fundamentals, but some part of them are a psychological backlash by investors. I think they can be taken advantage of. That is, days like today are the whole point of this newsletter thread.
Update: exchange order submitted.
I think moves like today are not 100% based on fundamentals, but some part of them are a psychological backlash by investors. I think they can be taken advantage of. That is, days like today are the whole point of this newsletter thread.
Update: exchange order submitted.
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