The pre-openers are way up… by nearly 2% overseas as of 5:30 a.m. EST! That’s all well and good. I can’t imagine it’s the resumption of the Bull Market already. The technical damage done to the psyche of traders and other market participants is such that there is likely to be a lot of off-loading of shares into this soon-to-erupt rally, that we will probably witness other occasions of higher-volume panicky-selling over the next couple of months. There are a lot who believe a Bear has awakened from hibernation, and they’ll want to ‘wisely’ get out while they think the ‘getting’s good’.
I don’t buy during market melt-ups, and become another participant in panic buying. I’ll patiently wait for it to come back to me.
We’ve added considerable shares, and they are now ‘working’ for us. We will experience an immediate ‘bump’ in our income with our very next statement.
Enjoy the day!
Here’s to your investment success!
Harold F Crowell