Red day
Once again, we had all 3 major indices closing red yesterday. The sell off could be due to the downgrade of several regional banks by Moody’s. This may have affected investors’ sentiment.
Whether the current pullback is an anticipation of something bigger (and bad) in the near term, or it’s just a healthy retracement due to an overheated market, it shouldn’t matter too much to long investors. In fact, if you had missed majority of this year’s rally, you… should know what to do.
Whether the current pullback is an anticipation of something bigger (and bad) in the near term, or it’s just a healthy retracement due to an overheated market, it shouldn’t matter too much to long investors. In fact, if you had missed majority of this year’s rally, you… should know what to do.
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Successful investing is about managing risk, not avoiding it. DYODD
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