We just experienced the end to the longest bull market in HISTORY. It’s been bitter sweet to see it go. It was good while it lasted, 11 years long – which is…..longer than any of my relationships.
And right now, we all get a DO OVER to put our money to work for us.
But there’s a problem.
We just entered Soviet Russia bear market, which is when the stock market experiences a loss of 20% or greater. It was a historic week, the biggest drops since the the black Monday crash of 1987 which SINGLE HANDEDLY, moved us into some of the biggest days of losses of all time.
Last week we lost 9.99% which marks the 4th WORST day of stock market losses in HISTORY dating as far back as 1899. At the same time, that week also put us at #12 for the WORST stock market drop at 7.79%… this all happened within 3 days of each other.
And because of that, there are so many people that are selling off their stocks, going cash heavy and saying to themselves “I’m going to wait this out, this is crazy, let’s wait until everything cools off”.
That sounds like a REALLY reasonable strategy right?
Except… if you had done that, you would have missed the huge upward move of almost 10% – the biggest move upward since 2008.
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