Stocks nailed our second downside target from last Friday [see: Correction Warning.] Judging from the financial press, it was a shock to the average investor. It’s sad that a 4.5% correction would warrant such concern. But, as I often say, that’s the world in which we’re living.
Many Robin Hood traders and newbie option “investors” are no doubt wondering why they didn’t pick up a good book instead of plunging into the market. These are indeed difficult times.
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