CW8888 : Finally , Uncle DOW has joined the Small Brother STI in Bear Party! LOL!
The coronavirus-induced sell-off reached a new low on Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth resulting from the outbreak.
The Dow Jones Industrial Average tumbled 1,464.94 points, or 5.9%, to close at 23,553.22. The 30-stock average closed in a bear market, down more than 20% below the record close set only last month and putting to end an expansion that started in 2009 amid the financial crisis.
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It's probably the top 3 fastest bear market in history. All time high on Feb 19. Bear market on Mar 11. Three weeks! LOL!!!
ReplyDeleteVery good valuations ahead. But spread out your buys. No need to be greedy & think must get lowest price.
1 method to exercise patience & discipline is to only see & analyse prices & stocks only on weekends & ignore the day-to-day moves.
Execute based on the weekly analysis & signals. You may miss 5% or 10% but this is insignificant over 10-20 years. ;)