No worries. How many times have we seen this. Market looks like it's going to drop drop drop. It drops and then props right back up...unless this time it's different and the market caves and falls into a long spiraling downtrend lasting more than a decade. Then you wake up and realize it was Nothing but a dream and that the fed came to the rescue once again ....the fed will always save the market. This is just a minor blah moment that won't last anything more than a few weeks and then back up to fresh highs we goooo
I'll be playing the long side. Yes I know. I said long side. Will add tiny amounts of longs if markets open down hard. I just see red followed by an ultimate green buying frenzy.....
Markets rallied back all losses....and look at oil still making its way to new highs ...by the time the economy is fully open will have oil at 100+++++ I can't wait to pay $4+ a gallon.
I've been telling you to buy junior to mid cap Cdn energy stocks since late October. If you didn't overweight energy since then that's your mistake. Why waste time with US indexes when there have been strong, clear trends in specific areas.
Stocks only go up. This 5% retracement from the highs is painful to my long term accounts when all we normally see are 1% dips.....lol