Reading a note put out by the good guys at Ophir and they quoted Lynch, which I thought was very apropos to global markets currently:
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
FOMC Meeting Conference
The markets loved the last point, with high beta stocks recovering after the press conference.
Summing up, the Fed has announced tightening, but will only continue with this tightening if the market doesn't tank. If it shows signs of weakness, they will reverse course.
I would say the Fed has allayed market fears for a few months..................
BTD has worked so often it is on autopilot for many. will it work this time? depends if the Fed is serious or not this time
Has anyone else been taking advantage of the sell down in the US recently?
Here are the companies I have bought or added to, which I think are either great companies and/or potential multi baggers:
SMTI
PLTR
SOFI
EAST
NEPH