“Down 120 so far today. Is this the momentum-gathering stage of the ride?”
Patience is a virtue. The market was down a couple of hundred points two weeks ago. It went from 13,700 to under 13,500.
Economy is good. Companies are reporting good earnings. Inflation is low. Today something happened. It is called profit taking. Like many, today I took my profits from my investments and on Monday I will reinvest them with the hope of making more money.
I have patience. As proof of that assertion I submit my continued ownership of some Sears stock.