“When Black Friday comes, I’ll stand by the door, and catch the grey men when they dive from the fourteenth floor.”
“The worst day since March!” The commentariat is full of stuff like “markets got creamed”, a “new sell off to new lows is coming”, and “market froth blown away”. Whatever. Yesterday’s 6% market stumble on the back of Fed Chair Powell’s comments about economic and jobs weakness, and signs of rising virus infections across the US, triggered the biggest market dip in weeks.
Is it a buy the dip or run for the hills moment? Read More