Sunday, September 8, 2024

US stock market in deep fear....

 US stock market has done an 180 degree turn and is gripped in extreme fear.

Even the economic data was pointing to a slower growth but was taken as recession is coming...

Every so often, markets logic makes no sense BUT indices keep going in one direction only....down down..

When this " extreme negativity " will change is hard to predict....

When " momentum goes negative " It IS equally painful...

We just have to ride this out....

Conviction in your portfolio and stocks have to be high....

This negativity also gives you a chance to look @ your portfolio to weed out " relative weak performer "

Until October, market may be challenging as " euphoria is being replaced by extreme fear "

Have very high comfort level with your portfolio, as this will pass also..

Good luck with your own analysis....

BLOG does NOT give buy or sell.

Saleem


1 comment:

Stocks100 said...

Hi Stocktrader,

Last week Down 10.51%

YTD Down 6.67%

Saleem