Looking at the chart, it plunges, goes up, plunges, goes up, plunges, goes up. I don’t understand how anyone in their right mind could be buying into that market. More than likely they’re not. It’s all Beijing directly purchasing stocks to try to stem the tide.
I dont think you could find an honest statistician that would say this is a good buying opportunity.
It might be. It night not.
It WILL be when it takes out the old high.
Why take a chance to make 10 percent?
Where is the stop in a market like this? It’s a guess.
For 401k folks, staying the course makes the most sense at this point. The valuations aren’t that bad, but that could change with a year of bad sales.
We shall see.
Buy when volatility is high, sell when it is low.