It sure feels like a market correction is in progress. Corrections happen every 1-2 years. Bear markets happen every 5-7 years.
- Tech is weak, down from its high and keeps falling
- 59% of stocks are down more than 30% from their 52 week high
- Stocks fall even on good news
- I've been buying into this correction
Typically, when I buy, the market falls further. 😈 If I wait, the market rebounds quickly.😆
I've bought into the following large cap stocks on the drop: MSFT, TSLA, CRM, TEAM, UNH, HUBS, ADBE, and NOW. I hoping for a rebound in these stocks.
I've bought into the following small cap stocks on the drop: GERN, GALT, SIGA, SNDL, PACB, SDLP, and SLS. I'm just hoping on these.😎
I bought the following a deep loss for tax harvesting purposes: PYPL.
If this isn't a correction. Great. If it is a correction or worse, I'm prepared to implement my strategy of putting more funds in a S&P index mutual funds for my kids and our retirement accounts.
This is not financial nor investment advice. Please consult a professional advisor.
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