Don’t Just Do Something - Stand There.
So, you want to invest in the stock market? Well, mama told you there’d be days like these - didn’t she? If she didn’t, then she’s a fool, and nature abhors a fool. She also should have told you that nobody makes money panicing. So, don’t join the crowd and sell over macroeconomic conditions that do not necessarily affect your individual holdings. Look at what you own and hold on, because you bought value companies at a good price - at least that’s what I’ve been telling you to do. The market is in “correction territory,” having dropped another 2.23% today, and closed at a level below the 200-day moving average for the first time since 2016. OK - that’s the technical stuff. What’s going on? We have a President in the White House who Tweets his sick mind at 3 in the morning, blasting such stalwarts as Amazon and claiming that he has some grand idea that the US Postal Service is losing money because of them. Here’s a clue: The USPS has been los...