Just As I Thought

On Monday European stocks dipped about 4% which is quite a lot. At that time I mentioned that US stocks would dip the following day and that would be a good time to buy. Well, that is exactly what happened. Then yesterday, the market had a 275 point rally which was based mostly on bargain shoppers pushing prices upward.

Last night the Republicans debated and failed to impress investors as this morning stock futures are down. Tonight, the president will make a speech about job creation..... but most people will be watching Monday Night Football. His speech will cause a small rally, but after it is analyzed for a day stocks will tumble once again because there will be no real solutions for our economy. Stocks will remain volatile. If you are a day trader you will love the volatility. If you are an investor, it will drive you nuts.

But overall, many stocks are still at bargain basement prices. Buying good stocks at a low price will still make you money.

Enjoy your morning coffee.