Maybe what we got here is an aging recovery that still hasn’t gotten any where so signs keep getting scrambled...And some institutional investors who stand ready to buy when the retail market (such as it is) panics and wants to sell out...particularly when the institutional market can pour gasoline on the panicked fire sale of said retail investors.
And my advice to retail investors...don't panic. Just hang tough.
I usually buy on the drops...and the bigger the drop, the more I buy. I learned this by spending a little time on the trading floor of the firm where I worked.
Institutional investors don't care whether you are retail or institutional. They'll take your cash or give you cash for your shares...no matter who you are.
...usually buy on the drops...and the bigger the drop, the more I buy...Seems like there are about to be some new buying opportunities coming up. What happened today is that the major indexes slammed down into their support levels...
...and the final numbers just in say the action came in spiking volume. That means we're probably going to be seeing the broader market going down to the next support level. Funny, watching the drop while being totally in cash somehow reminds me of sitting inside next to a warm fireplace while there's an all-time blizzard raging outside...
Don't get me wrong, I know full well that there are a lot of sharp traders who can profit big buying on the downside, it's just that I know I'm not one of them.