In Historic Returns Following a Market Selloff, I saw a report that showed the stock market was usually up 1 day and 1 week after a 6% drop. So I closed out my shorts. I will look at buying some large cap dividend stocks in the short term. If the market continues to rally, I will sell into strength.
For more on Ideas You Can Use, check back every Tuesday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
Tuesday, August 09, 2011
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