The biggest problem I see with a day like today, everything is down, which means there are a lot of good companies that in the long run will be fine. It's like a kid in a candy store, too many choices.
Yup. Funny though, every time this happens, people sell, panic, start talking about interest rates and other mostly irrelevant macro issues, forgetting the market has recovered 100% of the time historically. It’s like no one has ever looked at a historical chart of the S&P🤣people ignore mountains of evidence and lessons from history🤷♂️
@wall_street_deebo It's definitely easy to lose perspective when there is fear and noise dominating the discussion. Whenever something big goes wrong, a lot of people immediately react and sell their investments. As you have rightly pointed out looking at history, the markets have recovered from the 2008 financial crisis, the dotcom crash, and even the Great Depression so they'll get through whatever comes next as well.
With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu