Market Bounces Back, Sorta

by Jack

The stock market recovered some of it’s losses today from yesterdays dramatic 2000 point plunge, but we’re not out of the weeds yet.  Typically, when we see the market go into gyrations like this it signals a down market for the next few week or even months, depending on how we manage the corona virus and other things.  This seems to be the largest threat to our economy at the moment.

I know we are getting oversold signals on individual stocks, but be wary.  If you just have to buy a bargain stock right now I would strongly suggest you do so by averaging in.  I usually make 3 equal buys on price dips over a certain time.  Again, for me, this time period would be about 3-6 months. (See dollar cost averaging)  Good luck and happy hunting.  Oh, and if its just a killer deal, let us all know!  I could use the money!

Quote of the Day:

“Whether you are rich or poor…it’s good to have money.”  Yogi Berra