DowI have no fundamentals to support my theory, but the reality is the Dow can’t descend for ever, it will turn around. Think for a second how much money has been sold and pulled out of stocks....billions upon billions. When the market turns positive, there will be a heap of buying in every sector, just wait and see. Corrections are normal, they need to be there...finding balance. Look at the big picture, markets go up and down. If you’re playing the short game, it’s a bit trickier, as far as long, hold on, it’ll come around.
My thought is, we’ll see some green into next week. Might be a quick rally or slow, but either way, be patient.
Yes, we’ve all had sleepless nights and lots of money on the table. Looked at my portfolio with my broker the other day...made me just tear-up. Hard to see what it’s worth right now...not much.
The plus side, with a pile of ACB shares, when things move and if Peltz gets us to his magic $40.00 mark, I get to retire. So, that’s where my positive energy is going, trying not to look at all the negative and doom and gloom.
Just bad energy my friends. Focus, focus...your choice, but being negative isn’t fixing anything.