The Presstitutes are doing everything they can to get you to believe that the markets are crashing.
Example: two weeks ago, on September 12th, the DOW was down 3.94% in one day…or 1,297 points.
And as of yesterday’s close, it’s down another 329 points for a total of 3,127 or 9.86% since September 12th.
Let me remind you that September’s beat down pales by comparison to when the DOW crashed 22.4% IN ONE DAY on October 19, 1987.
In today’s numbers that would be equal to a 7,254-point loss in one day.
So, in the words of Monty Python’s (Dark Knight), a loss of 9% over one month is “…tis but a scratch.”
READ: Minus 1,861 points? Tis But a Scratch June 12, 2020.
Are Markets Really Crashing?
As usual, it pays to put things in perspective rather than listen to a bought-and-paid-for-media preaching fear and loathing as directed by their overlords.
And if you are a subscriber to our “…In Plain English” newsletter, you’ll recall we recently said:
Major support lies at the 27100 level down to 26700.
Translation: Buy at these levels.
But…and this is a Very Big Butt…
By the time we decline to those levels the Whores-Of-Babble-On Presstitutes will be screaming that the world is coming to an end.
Don’t take the bait!
And remember, the 1% needs the 99% to be wrong in order for them to make fortunes at YOUR expense.
But We’re All Gonna Die!
Yes, it’s very uncomfortable when we see volatility raise its ugly head.
But how come you don’t hear about volatility on the upside?
Instead, volatility on the downside – coupled with the Presstitutes ongoing fear mongering – makes you think we’re all gonna die.
In reality, we are all gonna die…eventually. But it’s not because the markets are taking a beating.
In the meantime, you might want to consider putting in your buy orders 10-20 or even 30% under where your favorites stocks are currently trading.
Oh! Before I forget, we have a Special Report titled “Investing in a Crazy Market” that you can access for FREE.
And share this with a friend…especially if they believe the markets are crashing.
They’ll thank YOU later.
Remember: At Financial$Matter We’re Not Just About Finance.
But we use finance to give you hope.
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