Good points. I believe the rebound will be swift...just am PO’ed that I didn’t see it coming. Now’s a great time to buy if you were smart (not me) and took profits while the getting was good!
oh well, remember hindsight is 20-20. I always see it coming yet never act on it. I was thinking of dumping my life savings on the index options puts. Thing is, our memories forget the times we were wrong on our guesses and never acted on them either.
I even call my brother, a money manager who usually ignores me or belittles me because of our wealth disparity, but on days like today he listens to me because I give him confidence and great talking points by walking him through what happened. He takes that and uses it to keep clients calm and to steal somebody else’s clients who may have taken a bigger hit than they should have.
All the fundamentals are positive. People took profits today and people are going to be reinvesting next week.