If you’re old enough to catch the band reference to Widespread Panic then you’ve been around a while. That should mean you’ve been there and done that on the stock market as well.
Here’s a clip of the band in case that is what you really wanted anyway – plus it is a good way to relax after the fever pitch of the stock market the last few sessions…
Given the massive swings over the last few years and especially the last few days and weeks it really appears we are going to continue see these volatility patterns for the foreseeable future and possibly forever.
I’m sure some smart analysts have already said this, but it appears that there is an incredible opportunity in front of us… With volatility comes fluctuations – ie somebody is making money and somebody is losing money.
No doubt about it, the stock market is hot! But is it on fire or just burning to the ground?I’ve seen some crazy low P/E’s and, inexplicably, others with ridiculously high P/E’s. Opportunity.
IPO’s are hot again… maybe approaching late 90’s hot… and for companies that are operating in the red or who have tech products that are easily replicated or worse… both!
Technology is changing faster and faster. Communication is increasing rapidly even if less is being said. Combined I think the light speed of technology, people’s FUD especially related to stocks and their 401k’s will lead to even more WideSpread Panic!
We saw it with a 500+ point swing followed closely by a 600+ point swing (both downward) and a 600+ swing in less than 2 hours to the positive. Opportunity.
The danger of group think and fear mongering and FUD factories will create even more problems in the markets and the world. Deservedly so – I mean, look at our debt ratio and many countries are as bad or worse than ours… Opportunity.
Technology is moving fast and enabling faster and faster “communications” as I mentioned above. That leaves even less time to confirm the message you recieve is even true, analyze it and do proper research… must… act… now…
If you keep your wits, maybe not. Be calm. Think. Do it ahead of time so you don’t make a gut/group think decision. And if you must go with the flow, at least plan for it ahead of time and take advantage of the sheeple who are caught up in the herd mentality or panic stricken selloffs and over/under valued stocks.
There are all sorts of strategies for making profits on market swings. Pick one you are comfortable with and go about making it happen even if you have to talk to a professional. Just make sure you guide them in what you want and don’t let them sell you something – remember, they are out to make money as well.
Good luck!