Quote of the Day

| February 10, 2018
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One of the questions most posed last week by clients was why did the market fall and who is to blame.

As expected everyone is looking for definitive answers but as is always the case with the stock market, many factors were at play. These include inflation, more hawkish Fed, program trading, margin calls, and human emotions.

Bloomberg ran six separate and distinct explanations for the correction. There is some truth to each.

However, one of the simplest is Bob Farrell’s Rule #4:

“When prices go parabolic, they go up much further than you expect, but they don’t correct by going sideways.”


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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