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:
Hi Stocktrader,
Last week Down 10.51%
YTD Down 6.67%
Saleem
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