Last month everything was going up and there was no risk in the market. The percentage of people who thought the market was going up was so high that you could tell a correction was coming, as the market always does the opposite of what you think it will.
Last week the market sold off and it looked like the correction was about to begin. Then the market rallied, and it seemed like we’d continue higher. Then another selloff and the correction seemed eminent. Then we had another strong rally. Right now there’s no clear cut direction.
What we do have is top stock’s correcting and giving us better prices to buy in at. This is important to me because I messed out of buying some of the market’s best stocks and I want my opportunity to get in while not buying high. This month the focus is on picking up quality at a discount. Get your popcorn ready, the show’s about to begin.
